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.

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.

Knowing others is intelligence; knowing yourself is true wisdom. Mastering others is strength; mastering yourself is true power.

-- Laozi

Those who fully develop their mind know their nature. Knowing their nature, they know Heaven.

-- Mencius

It is in the knowledge of the true conditions of our life that we must draw our strength to live and our reasons to act.

-- Simone de Beauvoir

What man is, only his history can tell him.

-- Wilhelm Dilthey

By failing to prepare, you are preparing to fail.

-- Benjamin Franklin

Conceive optimistically, plan pessimistically, execute optimistically.

-- Kazuo Inamori