Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
In this business, if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.
Markets are irrational in the short term but not over the long term. They sometimes offer fire sale prices on the greatest companies in the world.
There are two kinds of investors, be they large or small: those who don't know where the market is headed, and those who don't know that they don't know. Then again, there is a third type of investor -the investment professional, who indeed knows that he or she doesn't know, but whose livelihood depends upon appearing to know.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.
Compound interest is the most powerful force in the universe.
Compound interest is the greatest mathematical discovery of all time.
One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.
It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.
Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
If you don't study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.