You only have to do a very few things right in your life so long as you don't do too many things wrong.

The [stock] market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.

The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.

It's the deleveraging that's going on right now that has caused the credit crisis.

The fundamental basis of above-average performance in the long run is sustainable competitive advantage.

I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.

When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.