It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Someone’s sitting in the shade today because someone planted a tree a long time ago.
Price is what you pay. Value is what you get.
It’s only when the tide goes out that you discover who’s been swimming naked.
Risk comes from not knowing what you’re doing.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.