Quotes

The past has relevance, but it's not absolute.

I believe it's hard to predict the future. It's not that hard to predict the present. In other words, it's not that hard to understand what's going on today.

People make changes in their lives and their portfolios because they are confident they are making a change for the better. Without that confidence, they would merely sit still.

You never get a bubble until the public, the brokerage community, the financial institutions, the pension funds, and even the universities are all involved.

Any market will gain respectability if it goes up high enough and any market will lose respectability if it goes down enough.

When stocks yield as much as bonds, you get the growth free.

Value investing does not appeal to the masses. If it did, you would never be able to buy a bargain.

Most of the people who have accumulated the greatest wealth in this business have done so not by predicting the future, but by buying companies at such attractive prices, thereby discounting the majority of the problems people fear.

Value investing is a way of life. I apply it to everything I do. It’s not just stock markets.

Investing isn't about beating others at the game, it's about controlling yourself at your own game.

People often say there's lots of uncertainty, but when was there ever certainty in the markets, the economy, or the future? I'm just trying to understand the present.

I think that most individual investors make great mistakes when they try and time the market, and try and think about what's the best stock to buy now.