It is madness to risk losing what you need in pursuing what you simply desire.

Be fearful when there is greed and be greedy when there is fear.

Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc.

All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.

No matter how great the talent or efforts, some things just take time.

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