I have invented the Thermometer style.
Look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones.
Choosing individual stocks without any idea of what you're looking for is like running through a dynamite factory with a burning match. You may live, but you're still an idiot.
The secret to investing is to figure out the value of something - and then pay a lot less.
The more confidence I have in each one of my stock picks, the fewer companies I need to own in my portfolio to feel comfortable.
Remember, it’s the quality of your ideas not the quantity that will result in the big money.
There’s a virtuous cycle when people have to defend challenges to their ideas. Any gaps in thinking or analysis become clear pretty quickly when smart people ask good, logical questions. You can’t be a good value investor without being an independent thinker – you’re seeing valuations that the market is not appreciating. But it’s critical that you understand why the market isn’t seeing the value you do. The back and forth that goes on in the investment process helps you get at that.
I think it would be worth the while to introduce a school of children to such [an oak grove], that they may get an idea of the primitive oaks before they are all gone, instead of hiring botanists to lecture to them when it is too late.
I must declare that it is better for India do discard violence altogether even for defending her borders.
[C]ouches and chairs covered in scratches aim away from one another, making it possible for a dozen people to sit in this room at once and not have to talk to one other person, which is a miracle in furniture arrangement.
If you are in business trying to make it, things are falling apart and you can’t get it together and you don’t know what is going on and you wanna stop. Don’t stop. The only way you can make it and have true success in your life. And there’s one way. You can’t have any fear.