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

A speculator gambles that a stock will go up in price because somebody else will pay even more for it.

Always remember that market quotations are there for convenience, either to be taken advantage of or to be ignored.

Successful investment may become substantially a matter of techniques and criteria that are learnable, rather than the product of unique and incommunicable mental powers.

Before you place your financial future in the hands of an adviser, it’s imperative that you find someone who not only makes you comfortable but whose honesty is beyond reproach.

It is a misfortune of the times that all of us must needs be amateur economists-including, and perhaps especially, the professionals.

Diversification is an established tenet of conservative investment.

I am more and more impressed with the possibilities of history’s repeating itself on many different counts. You don’t get very far in Wall Street with the simple, convenient conclusion that a given level of prices is not too high.

The story of Joseph in Egypt and of the seven fat and the seven lean years has passed into the homely wisdom of the ages; but our economic thinking seems to have lost contact with so simple and basic approach to prudent management of a nations welfare.

There is something paradoxical in the fact that by establishing an export market we subject our entire domestic production to the vagaries of that market.

Traditionally the investor has been the man with patience and the courage of his convictions who would buy when the harried or disheartened speculator was selling.

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.

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.

My parents put me in the water very early, and also had me skiing at a very early age. They put me on skis when I was one and a half.

I do not believe making money in order to consume goods is mankind’s sole purpose on this planet. If you’re wondering what I believe our purpose on this planet is, I’ll give you a hint… it has to do with creating and sharing.

The other ants follow the path immediately in order to benefit from the finding and continue to do so as long as the supply is rich.

Cricket – a game which the English, not being a spiritual people, have invented in order to give themselves some conception of eternity.

It often seems easier not to move on; even the muck and mire in which we’re stuck seems less fearful and less challenging than the unknown path ahead.

I held you in the square And felt the evening Re-order itself around Your smile.

When I began my humanitarian work, I understood that in order to gain credibility I needed patience, commitment and unwavering perseverance. I needed to ignore the skeptics.

In 1835 at Kirtland I learned from my Sisters Husband Lyman R. Shirman, who was close to the Prophet and Received it from him. That the ancient order of plural marriage was again to be practiced by the Church.