“All economic movements, by their very nature, are motivated by crowd psychology.”

You can overcome anything if you don’t bellyache.

Never pay the slightest attention to what a company president ever says about his stock.

I have known men who could see through the motivations of others with the skill of a clairvoyant; only to prove blind to their own mistakes. I have been one of those men.

The essence of any plan for financing old age is saving-to put aside some part of today’s earnings for the future.

If the history of the past fifty years teaches us anything, it is that peace does not follow disarmament – disarmament follows peace.

Beware of him who promises something for nothing. Do not blame anybody for your mistakes and failures. Do not look for approval except the consciousness of doing your best.

Whatever failures I have known, whatever errors I have committed, whatever follies I have witnessed in private and public life have been the consequence of action without thought.

Even when we know what is right, too often we fail to act. More often we grab greedily for the day, letting tomorrow bring what it will, putting off the unpleasant and unpopular.

Financial storm definitely passed.

Society can progress if men’s labors show a profit – if they yield more than is put in. To produce at a loss must leave less for all to share.

Let us not deceive ourselves; we must elect world peace or world destruction.

Become more humble as the market goes your way.

No man can humiliate me or disturb me. I won’t let him.

Everyone is entitled to be wrong about their opinions, but no one has the right to be wrong about their facts.

A man sentenced to death obtained a reprieve by assuring the king he would teach his majesty’s horse to fly within the year – on the condition that if he didn’t succeed, he would be put to death at the end of the year. “Within a year,” the man explained later.

Our problem in money-making or government affairs is how to remain properly venturesome and experimental without making fools of ourselves.

Although there are good and bad companies, there is no such thing as a good stock; there are only good stock prices, which come and go.

Mr. Market’s job is to provide you with prices; your job is to decide whether it is to your advantage to act on them. You no not have to trade with hime just because he constantly begs you to.

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

At heart, “uncertainty” and “investing” are synonyms.

We define a bargain issue as one which, on the basis of facts established by analysis, appears to be worth considerably more that it is selling for.

Never buy a stock because it has gone up or sell one because it has gone down.

It is absurd to think that the general public can ever make money out of market forecasts.

The stock market resembles a huge laundry in which institutions take in large blocks of each others washing … without rhyme or reason.