"If you aren’t thinking about owning a stock for ten years, don’t even think about owning it for ten minutes."
"Wide diversification is only required when investors do not understand what they are doing."
"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."
"Unless you can watch your stock holding decline by 50% without becoming panic stricken, you should not be in the stock market."
"The most dangerous thing is to buy something at the peak of its popularity. At that point, all favourable facts and opinions are already factored into its price and no new buyers are left to emerge."
"Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard."