Investment Wisdom

“Risk comes from not knowing what you're doing.”

“The most important quality for an investor is temperament, not intellect.”

“If you aren't willing to own a stock for ten years, don't even think about ownin...”

“Only when the tide goes out do you discover who's been swimming naked.”

“It's far better to buy a wonderful company at a fair price than a fair company a...”

“Our favorite holding period is forever.”

“Price is what you pay. Value is what you get.”

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

“The stock market is a device for transferring money from the impatient to the pa...”

“Be fearful when others are greedy and greedy when others are fearful.”