“Thus the important and difficult part of sound investment, which hinges upon the investor’s own temperament and attitude, is not much affected by the passing years.”

Whenever the investor sold out in an upswing as soon as the top level of the previous well-recognized bull market was reached, he had a chance in the next bear market to buy back at one third (or better) below his selling price.

To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.

The underlying principles of sound investment should not alter from decade to decade, but the application of these principles must be adapted to significant changes in the financial mechanisms and climate.

An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return.

I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities.

The idea of storage as a solution of economic problems at least has the support of common sense.It is diametrically opposed to the topsy-turvy Alice-in-Wonderland reasoning that has marked so much of our depression thinking and policy.

In the financial markets, hindsight is forever 20/20, but foresight is legally blind. And thus, for most investors, market timing is a practical and emotional impossibility.

… the loss of public confidence in the financial community growing out of its own conduct in recent years. I insist that more damage has been done to stock values and to the future of equities from inside Wall Street than from outside Wall Street.

It is no difficult trick to bring a great deal of energy, study, and native ability into Wall Street and to end up with losses instead of profits. These virtues, if channeled in the wrong directions, become indistinguishable from handicaps.

It must be fundamentally wrong to reduce production of food and fiber while one-third of our population is still ill fed and ill clothed.

The market is always making mountains out of molehills and exaggerating ordinary vicissitudes into major setbacks.

There is a close logical connection between the concept of a safety margin and the principle of diversification.

You must never delude yourself into thinking that you’re investing when you’re speculating.

Both a priori reasoning and experience teach us that as as these funds grow larger the geometrical rate of growth by compound interest ultimately defeats itself.

As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him.

Thousands of people have tried, and the evidence is clear: The more you trade, the less you keep.

I would rather have a plain down-right wisdom than a foolish and affected eloquence.

Today, many people take for granted the notion that people whose lives are going to be very heavily affected by public policies should have a say in how they are formulated and carried out.

He was afflicted by the thought that where Beauty was, nothing ever ran quite straight, which no doubt, was why so many people looked on it as immoral.

I love the Bible. I read it every day. I spend 10 hours a week studying it. It has affected my life in profound ways. I am inspired when I read it.

And I know that when I worked daily journalism it really affected my patience with literature, which I think requires reflection, and a different kind of engagement.

Close-Up has affected later films that I’ve made.

When we did ‘Dynasty’, it was the clothes. I think the clothes affected every woman around the world. I got so many letters, I think we made the designer a millionaire!

Some people are more affected by, I hate to use the word “success,” but I don’t know what else to say, but some people are more affected by that than others.