An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.

Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.

You can lose leverage, and it's the only way a smart guy can go broke.

The real fortunes in this country have been made by people who have been right about the business they invested in, and not right about the timing of the stock market.

Gold has two significant shortcomings, being neither of much use nor procreative.

If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful business for a whole bunch of cash, which isn't as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So my advice to anybody who owns a wonderful business is keep it.

Always associate yourself with people who are better than you.