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

I don't really think that, as a society, we [americans] want to confer blessings on generation after generation who contribute nothing to society, simply because somebody in the far distant past happened to amass a great sum of wealth.

Problems in a company are like cockroaches in the kitchen. You will never find just one

You only have to do a very few things right in your life so long as you don't do too many things wrong.

It is easier to rationalize than it is to be rational.

Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.