Growth and value investing are joined at the hip.

When you're associating with the people that you love, doing what you love, it doesn't get any better than that.

The value of market esoterica to the consumer of investment advice is a different story. In my opinion, investment success will not be produced by arcane formulae, computer programs or signals flashed by the price behavior of stocks and markets. Rather an investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.

Nevertheless, as circumstances presently appear, I feel substantially greater size is more likely to harm future results than to help them. This might not be true for my own personal results, but it is likely to be true for your results.

Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.

In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.

Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.