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

Be fearful when others are greedy, and greedy when others are fearful.

Price is what you pay. Value is what you get.

Our favorite holding period is forever.

Risk comes from not knowing what you're doing.

I try to invest in companies where the downside is limited and the upside is significant.

-- Bruce Berkowitz

I look at a company the way a private buyer would look at it.

-- Mario Gabelli

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

-- Mario Gabelli

Price is what you pay. Value is what you get.

-- Warren Buffett

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

-- Joel Greenblatt

Value investing is at its core the marriage of a contrarian streak and a calculator.

-- Seth Klarman