The margin of safety is always dependent on the price paid.

The individual investor should act consistently as an investor and not as a speculator.

Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it — even though others may hesitate or differ.

The investor's chief problem — and even his worst enemy — is likely to be himself.

An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.

Our time horizon is five years. We are not focused on the next quarter.

-- Cathie Wood

Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.

-- Peter Lynch

The key to making money in stocks is not to get scared out of them.

-- Peter Lynch

The single greatest edge an investor can have is a long-term orientation.

-- Seth Klarman

Have patience. Stocks don't go up immediately.

-- Walter Schloss

On the stock exchange, anything is possible, including the opposite.

-- André Kostolany