“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”

I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.

Time is the friend of the wonderful company, the enemy of the mediocre.

Diversification is protection against ignorance. It makes little sense if you know what you are doing.

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.

Never test the depth of river with both the feet.

Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.

Wall Street is the only place that people drive to in a Rolls Royce to take advice from people who ride the subway.

Writing a check separates a commitment from a conversation.

Other guys read Playboy. I read annual reports.

The key to success is emotional stability.

Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1

Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.

Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.

It’s good to learn from your mistakes. It’s better to learn from other people’s mistakes.

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.

Never be afraid to ask for too much when selling or offer too little when buying.