I've made money over the years by buying into good companies, run by good people, at attractive prices. And I don't try and make it out of buying into the market at one point and selling at another point.

Cash combined with courage in a time of crisis is priceless.

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.

I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.

Most investors, both institutional and individual, will find that the best way to own common stocks (shares') is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses) of the great majority of investment professionals.

A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.

The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.