“Price is what you pay.
Value is what you get.”
“Rule No.1: Never lose money. Rule No.2: Never
forget rule No.1.”
“Only buy something that you’d be perfectly happy
to hold if the market shut down for 10 years.”
“We simply attempt to be fearful when others are
greedy and to be greedy only when others are fearful.”
“Risk comes from not knowing what you’re doing.”
“We don’t have to be smarter than the rest. We have
to be more disciplined than the rest.”
“Cash combined with courage in a time of crisis is
priceless.”
“If you have more than 120 or 130 I.Q. points, you
can afford to give the rest away. You don’t need extraordinary intelligence to
succeed as an investor.”
“Unless you can watch your stock holding decline by
50% without becoming panic-stricken, you should not be in the stock market.”
“Wide diversification is only required when
investors do not understand what they are doing.”
“If you are not willing to own a stock for 10
years, do not even think about owning it for 10 minutes.”
“Calling someone who trades actively in the market
an investor is like calling someone who repeatedly engages in one-night stands
a romantic.”
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