The time to buy stocks is consistently over time. You should never buy your investments with the idea, 'I have to get a certain return.' You should look at the best return possible and learn to live with that. But you should not try to make your investments earn what you feel you need. It doesn't work that way. The stock doesn't know you own it.

When the brothel burns down, even the pretty girls have to run out.

Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.

If you can eliminate the government as a 39.6% partner, then you will be much better off.

The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.

OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

If you are a professional and have confidence, then I would advocate lots of concentration.