The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.

Bull markets and Bear markets can obscure mathematical laws, they cannot repeal them.

The key to success is emotional stability.

I look for businesses in which I think I can predict what they're going to look like in ten to fifteen years time. Take Wrigley's chewing gum. I don't think the internet is going to change how people chew gum.

I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life.

What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have opponents who have been taught that thinking is a waste of energy?

A stock doesn't know that you own it.