If you buy the things you don't need, you will soon be selling the things that you need.

Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation

Emotional makeup is more important than technical skill

Sound investing can make you very wealthy if you're not in too big a hurry

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.

Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.