The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.

Risk comes from not knowing what you're doing.

I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.

Writing a check separates a commitment from a conversation.

One’s objective should be to get it right, get it quick, get it out and get it over. Your problem won’t improve with age.

You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing. I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it.

Long ago, Ben Graham taught me that "Price is what you pay; value is what you get." Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.