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 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.

Occasionally, a man must rise above principles.

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

A single year's performance is of minor importance and, good or bad, should never be taken seriously.

There is no substitute for a local newspaper that is doing its job.

Other guys read Playboy. I read annual reports.