A single year's performance is of minor importance and, good or bad, should never be taken seriously.

The stockmarket is a semi-psychotic creature given to extremes of elation and despair.

Never invest in a business you can't understand

Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.

Risk comes from not knowing what you're doing.

If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.

If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it back to you and say it can't be done.