“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.”
“It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
“The stock market is a voting machine in the short run, but a weighing machine in the long run.”
“Risk comes from not knowing what you're doing.”
“Price is what you pay. Value is what you get.”
“Our favorite holding period is forever.”
“Someone's sitting in the shade today because someone planted a tree a long time ago.”
“I try to invest in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”
“You only find out who is swimming naked when the tide goes out.”
“The most important quality for an investor is temperament, not intellect.”