A climate of fear is your friend when investing; a euphoric world is your enemy.
A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.
A horse that can count to ten is a remarkable horse – not a remarkable mathematician.
A hyperactive stock market is the pickpocket of enterprise.
A prediction about the direction of the stock market tells you nothing about where stocks are headed, but a whole lot about the person doing the predicting.
A public-opinion poll is no substitute for thought.
After all, you only find out who is swimming naked when the tide goes out.
All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.
Always invest for the long term.
Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We’ll break out of it. It takes time.