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.

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

Our favorite holding period is forever.

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

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

-- Joel Greenblatt

You don't get rewarded for taking risk; you get rewarded for buying cheap assets.

-- Jeremy Grantham

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

I always look for a company where the stock price is below what I believe the value of the enterprise to be.

-- Leon G. Cooperman