Buy stocks like you buy your groceries, not like you buy your perfume.

Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.

I think that trying to invest through 535 people is a tough job, you know, and so I would give more latitude.

Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it's the reputation of the business that remains intact.

You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not "stocks", and if the business does all right over the long term, so will the stock.