I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.

Long ago, Ben Graham taught me that "Price is what you pay; value is what you get." Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.

People do, as long as you have markets, you'll have excesses.

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

I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And what I learn today may be useful to me two years from now. That's really the wonderful thing about investments is your knowledge is cumulative.

You could be somewhere where the mail was delayed three weeks and do just fine investing.

I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.