Quotes

If somebody is going to be unfair with you in salary, they're probably going to be unfair with you in a hundred other ways.

Almost all of the big, great ideas in business are very simple.

There seems to be some perverse human characteristic that likes to make easy things difficult.

The greater the potential reward in a value portfolio, the less risk there is.

When the price of a stock can be influenced by a "herd" on Wall Street with prices set at the margin by the most emotional person, or the greediest person, or the most depressed person, it is hard to argue that the market always prices rationally. In fact, market prices are frequently nonsensical.

It is extraordinary to me that the idea of buying dollar bills for 40 cents takes immediately with people or doesn't take at all.

Size is the anchor of performance.

You’re not buying a stock, you’re buying part ownership in a business. You will do well if the business does well. And if you didn't pay a totally silly price.

History does not tell you of future things happening.

If you risk something that is important to you for something that is unimportant to you it just doesn't make sense.

In business, you don’t have to do extraordinary things to get extraordinary results. You have to have a sound approach, but you don’t have to be brilliant.

In the stock market, you don’t base your decisions on what the markets are doing, but on what you think is rational.