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.
Someone’s sitting in the shade today because someone planted a tree a long time ago.
Risk comes from not knowing what you’re doing.
It’s only when the tide goes out that you discover who’s been swimming naked.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Our favorite holding period is forever.
Chains of habit are too light to be felt until they are too heavy to be broken.