“I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”

“Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”

“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.”

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

“The Stock Market is designed to transfer money from the Active to the Patient.”

“We don’t get paid for activity, just for being right. As to how long we’ll wait, we’ll wait indefinitely.”

“Risk can be greatly reduced by concentrating on only a few holdings.”

“Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.”

“In the business world, the rearview mirror is always clearer than the windshield.”