It's easier to create money than to spend it.

The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.

You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.

Unless your answers are clearly better, copy the answers of your betters.

During inflation, Goodwill is the gift that keeps on giving.

I think you'll have plenty of scrutiny as how the money's invested. I mean, just like the RFC. When the RFC operated, people knew which institutions they were buying preferred stock in. And it worked very well.

Buy into a company because you want to own it, not because you want the stock to go up.