Risk comes from not knowing what you're doing.

Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.

Someone's sitting in the shade today because someone planted a tree a long time ago.

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.

The key to my success is buying into troubled companies.

-- Daniel S. Loeb

I make money by trying to buy stocks cheaply. If that makes me a raider, so be it.

-- Carl Icahn

Don't lose money. The best way to do that is to have a very good process for making decisions.

-- Stephen A. Schwarzman

The late 90s almost forced me to identify myself as a value investor, because I thought what everybody else was doing was insane.

-- Michael Burry

I am a value investor. The foundation of my investment style is Benjamin Graham's approach to security analysis.

-- Michael Burry

The stock market is the only business I know that when things go on sale, the customers run out of the store.

-- Leon G. Cooperman