The best values today are often found in the stocks that were once hot and have since gone cold..

We have not known a single person who has consistently or lastingly make money by thus "following the market". We do not hesitate to declare this app….

The function of the margin of safety is, in essence, that of rendering unnecessary an accurate estimate of the future..

Losing some money is an inevitable part of investing, and there's nothing you can do to prevent it. But to be an intelligent investor, you must take ….

We are convinced that the intelligent investor can derive satisfactory results from pricing of either type (market timing or fundamental analysis via….

We urge the beginner in security buying not to waste his efforts and his money in trying to beat the market. Let him study security values and initia….

The intelligent investor is a realist who sells to optimists and buys from pessimists..

Intelligent investment is more a matter of mental approach than it is of technique. A sound mental approach toward stock fluctuations is the touchsto….

The distinction between investment and speculation in common stocks has always been a useful one and its disappearance is cause for concern..

Always buy your straw hats in the Winter.

The memory of the financial community is proverbially and distressingly short..

Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tend….

Price fluctuations have only one significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices fall sharp….

By refusing to pay too much for an investment, you minimize the chances that your wealth will ever disappear or suddenly be destroyed..

Whether we like it or not, government intervention in the face of surplus is here to stay..

We define a bargain issue as one which, on the basis of facts established by analysis, appears to be worth considerably more that it is selling for..

When somebody asserts that a stock has an earning power of so much, I am sure that the person who hears him doesn't know what he means, and there is ….

I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities..

Investing isn't about beating others at their game. It's about controlling yourself at your own game..

Observation over many years has taught us that the chief losses to investors come from the purchase of low-quality securities at times of good busine….

The volume of credit depends upon three factors: the desire to borrow, the ability to lend and the desire to lend..