It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

If you buy the things you don't need, you will soon be selling the things that you need.

The secret to happiness is having low expectations.

The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn't going to do anything for you....it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time.

Buy into a company because you want to own it, not because you want the stock to go up.

I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.

I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.