You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right - that's the only thing that makes you right. And if your facts and reasoning are right, you don't have to worry about anybody else.

I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.

In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.

Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.

You don't need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.

I always invest in companies an idiot could run, because one day one will.

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