“The intelligent investor is a realist who sells to optimists and buys from pessimists.”

Never buy a stock immediately after a substantial rise or sell one immediately after a substantial drop.

If General Motors is worth $60 a share to an investor it must be because the full common-stock ownership of this gigantic enterprise as a whole is worth 43 million (shares) times $60, or no less than $2,600 million.

A defensive investor can always prosper by looking patiently and calmly through the wreckage of a bear market.

In the short run, the market is a voting machine, but in the long run it is a weighing machine.

Whether we like it or not, government intervention in the face of surplus is here to stay.

Stock speculation is largely a matter of A trying to decide what B, C and D are likely to think-with B, C and D trying to do the same.

The modern world is not geared properly to the storage of goods.

Many progressive economists insist that gold is now in essentially the same position as silver and that the arguments the simon-pure gold advocates use against the white metal can be directed with equal effect against their own fetish.

The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.

Speculative stock movements are carried too far in both directions, frequently in the general market and at all times in at least some of the individual issues.

The true investor… will do better if he forgets about the stock market and pays attention to his dividend returns and to the operation results of his companies.

The utility, or intrinsic value of gold as a commodity is now considerably less than in the past; its monetary status has become extraordinarily ambiguous; and its future is highly uncertain.

Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble… to give way to hope, fear and greed.

It is worth pointing out that assuredly not more than one person out of a hundred who stayed in the market after after 1925 emerged from it with a net profit and that the speculative losses taken were appalling.

Rather should we say that the market is a voting machine, whereon countless individuals register choices which are the product partly of reason and partly of emotion.

Price statistics show clearly that instability in raw-material prices is a prime cause of instability of other prices.

Intelligent people are always on the unpopular side of anything.

The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors.

I disapprove of matrimony as a matter of principle…. Why should any independent, intelligent female choose to subject herself to the whims and tyrannies of a husband? I assure you, I have yet to meet a man as sensible as myself! (Amelia Peabody)

We will stand by our friends and administer a stinging rebuke to men or parties who are either indifferent, negligent, or hostile, and, wherever opportunity affords, to secure the election of intelligent, honest, earnest trade unionists, with clear, unblemished, paid-up union cards in their possession.

James Russell offers a timely and compelling blueprint for a realistic transformation of America’s energy consumption by refusing to fall victim to conventional thinking.

Mothers were much too sharp. They were like dogs. Buster always sensed when anything was out of the ordinary, and so did mothers.

We are led by the least among us – the least intelligent, the least noble, the least visionary. We are led by the least among us and we do not fight back against the dehumanizing values that are handed down as control icons.

The greater part of the population is not very intelligent, dreads responsibility, and desires nothing better than to be told what to do. Provided the rulers do not interfere with its material comforts and its cherished beliefs, it is perfectly happy to let itself be ruled.