I did a lot of math. I made a lot of money, and I gave almost all of it away. That's the story of my life.

We don't override the models.

We search through historical data looking for anomalous patterns that we would not expect to occur at random.

You have to understand the business before you understand the stock.

-- Mario Gabelli

Concentration is the key. If you believe in something, you should bet big on it.

-- Bruce Berkowitz

The bulls might be right that the company's accounting is fine, but they're asking us to take it on faith. We prefer to verify.

-- David Einhorn

To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude and pays the greatest ultimate rewards.

-- John Templeton

The single greatest edge an investor can have is a long-term orientation.

-- Seth Klarman

We buy cheap stocks. That's all we do.

-- Walter Schloss