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.

What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.

Accounting is the language of business.

I think what people understand there probably - well, they were hoping the private sector would do it [rescuing AIG ].

The greater the potential for reward in the value portfolio, the less risk there is.

It’s not that I want money. It’s the fun of making money and watching it grow.

The three most important words in investing...Margin of Safety.