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….

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….

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….

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

Stocks can be dynamite..

Price statistics show clearly that instability in raw-material prices is a prime cause of instability of other prices..

I quickly convinced myself that the true key to material happiness lay in a modest standard of living which could be achieved with little difficulty ….

Whenever the investor sold out in an upswing as soon as the top level of the previous well-recognized bull market was reached, he had a chance in the….

There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But there's one responsibility that you must never del….

The purpose of this book is to supply, in the form suitable for laymen, guidance in the adoption and execution of an investment policy..

Successful investment may become substantially a matter of techniques and criteria that are learnable, rather than the product of unique and incommun….

Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety..

In the old legend the wise men finally boiled down the history of mortal affairs into a single phrase: 'This too will pass.'.

Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it –….

People who invest make money for themselves; people who speculate make money for their brokers. And that, in turn, is why Wall Street perennially dow….

To enjoy a reasonable chance for continued better than average results, the investor must follow policies which are (1) inherently sound and promisin….

It is worth pointing out that assuredly not more than one person out of a hundred who stayed in the market after after 1925 emerged from it with a ne….

Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature re….

The intelligent investor shouldn't ignore Mr. Market entirely. Instead, you should do business with him- but only to the extent that it serves your i….

To have a true investment, there must be a true margin of safety. And a true margin of safety is one that can be demonstrated by figures, by persuasi….

The purchase of a bargain issue presupposes that the market's current appraisal is wrong, or at least that the buyer's idea of value is more likely t….