If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.

Success in investing doesn’t correlate with I.Q. Once you are above the level of 25; once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

Cultivate curiosity and strive to become a little wiser every day.

If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.

I think confidence will come back.

We enjoy the process far more than the proceeds.

If you want your business to survive for 100 years, you've got to make it through every single day for 100 years. It's not enough to do it 99.9% of the time.