My favorite time frame for holding a stock is forever.

A diamond cannot be polished without friction, nor a person perfected without trials. Someone is enjoying shade today because someone planted a tree a long time ago.

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.

With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock

Forecasts usually tell us more of the forecaster than of the forecast

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.

Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which governs valuation of minority interest positions, is of little or no importance in valuing a controlling interest.