Quotes

I have a great belief that everything is cyclical in life, particularly in the investment world.

Whether you're investing in art or in securities, no one should confuse value and price.

At the end of every day, I look at my stocks that went up and wish I had more and look at the ones that went down and wish I had less. It’s human nature.

If I had to name one factor that dominates human bad decisions, it would be what I call denial.

I think I'm pretty good at long run expectations, but I don't think I'm good at short-term wobbles. I don't have the faintest idea what's going to happen short term.

There's an old saying, dumb is forever.

Stocks aren't lottery tickets. Behind every stock is a company.

The stock market's been the best place to be over the last 10 years, 30 years, 100 years. But if you need the money in 1 or 2 years, you shouldn't be buying stocks.

In the stock market, the most important organ is the stomach. It's not the brain.

I think it's dangerous to buy companies that everyone thinks are excellent and that are relatively slow-growth companies.

I believe in stocks. If you look at the returns of the last 72 years, stocks are the undisputed champs.

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