“In the old legend the wise men finally boiled down the history of mortal affairs into a single phrase: ‘This too will pass.’”

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.

Fitzgerald coined the phrase the ‘Jazz Age,’ and now we’re living in the Hip-Hop Age.

If the women’s movement can be summed up in a single phrase, it is ‘the right to choose’.

My mom used to tell me, I can’t use this phrase on the radio – but basically don’t be one of those dudes hanging on the corner.

Neatness of phrase is so closely akin to wit that it is often accepted as its substitute.

There are few things more wearisome in a fairly fatiguing life than the monotonous repetition of a phrase which catches and holds the public fancy by virtue of its total lack of significance.

The difficulty of saying I-a phrase from the East German novelist Christa Wolf. But once having said it, as we realize the necessity to go further, isn’t there a difficulty of saying ‘we’? You cannot speak for me.

I think that phrase is the most horrible phrase in the English language – ‘I don’t know.’ It’s terribly embarrassing.

It is the compelling power of great thoughts and ideas to engender phrases of equal size.