Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.

Investing is forgoing consumption now in order to have the ability to consume more at a later date.

Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.

You don't need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.

At age 19, I read a book [The Intelligent Investor] and what I'm doing today, at age 76, is running things through the same thought process I learned from the book I read at 19.

It makes a difference who the treasury secretary is.