I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

Traditional wisdom is long on tradition and short on wisdom.

Making money isn't the backbone of our guiding purpose; making money is the by-product of our guiding purpose. If you're doing something you love, you're more likely to put your all into it, and that generally equates to making money

Basically, the single-most important decision in evaluating a business is pricing power.

Be fearful when there is greed and be greedy when there is fear.

A bull market is like sex. It feels best just before it ends.