Risk comes from not knowing what you're doing.

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 far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

Our favorite holding period is forever.

By failing to prepare, you are preparing to fail.

-- Benjamin Franklin

Conceive optimistically, plan pessimistically, execute optimistically.

-- Kazuo Inamori

The key to investing is figuring out what something is worth and paying less for it.

-- Mario Gabelli

Choosing individual stocks without any idea of what you're looking for is like running through a dynamite factory with a burning match.

-- Joel Greenblatt

Buying good companies at bargain prices is the secret to making a lot of money.

-- Joel Greenblatt

The market can stay irrational longer than you can stay solvent.

-- Jeremy Grantham