A price decline is of no real importance to the bona fide investor unless it is either very substantial say, more than a third from cost or unless it….

The correct attitude of the security analyst toward the stock market might well be that of a man toward his wife. He shouldn't pay too much attention….

As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him..

Good managements produce a good average market price, and bad managements produce bad market prices..

we have complaints that institutional dominance of the stock market has put 'the small investor at a disadvantage because he can't compete with the t….

In an ideal world, the intelligent investor would hold stocks only when they are cheap and sell them when they become overpriced, then duck into the ….

Before you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences of….

Every corporate security may be best viewed, in the first instance, as an ownership interest in, or a claim against, a specific business enterprise..

Traditionally the investor has been the man with patience and the courage of his convictions who would buy when the harried or disheartened speculato….

Wall Street has a few prudent principles; the trouble is that they are always forgotten when they are most needed..

The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basi….

The only thing you should do with pro forma earnings is ignore them..

Mr. Market's job is to provide you with prices; your job is to decide whether it is to your advantage to act on them. You no not have to trade with h….

In nine companies out of ten the factor of fluctuation has been a more dominant and important consideration in the matter of investment than has the ….

Buy not on optimism, but on arithmetic..

In security analysis the prime stress is laid upon protection against untoward events. We obtain this protection by insisting upon margins of safety,….

To see how much a company is truly earning on the capital it deploys in its businesses, look beyond EPS to Return on Invested Capital (ROIC)..

No statement is more true and better applicable to Wall Street than the famous warning of Santayana: "Those who do not remember the past are condemne….

It is a fact worth pondering that four centuries ago the evil of "an abundance or surplus" arose from its being kept off the market, while today the ….

Stocks can be dynamite..

The investor has the benefit of the stock market's daily and changing appraisal of his holdings, 'for whatever that appraisal may be worth', and, sec….