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.

It is important to express oneself, provided the feelings are real and taken from your own experience.

-- Berthe Morisot

In this business, if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.

-- Peter Lynch

You can't predict. You can prepare.

-- Howard Marks

The most important thing is being attentive to cycles.

-- Howard Marks

The markets teach you humility every single day.

-- Ken Griffin

It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.

-- George Soros