If the reason for doing something is that everyone else is doing it, it's not a good enough reason.

Always associate yourself with people who are better than you.

If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?

I don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.

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

If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station - I'm talking of the past - you know, your idiot nephew could run it. And if you've got a really good business, it doesn't make any difference.

I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.