The big money is not in the buying and the selling but in the waiting

In the short run, the market is a voting machine but in the long run, it is a weighing machine.

The stock investor is neither right nor wrong because others agreed or disagreed with him; he is right because his facts and analysis are right.

You don’t have to be brilliant, only a little it wiser than the other guys, on average, for a long time.

Investment success doesn’t come from ‘buying good things,’ but rather from “buying things well.

Fear, greed, and ego cause the biggest mistakes in the market because they drive bad impulses.

In any investment, you expect to have fun and make money.

The wisest rule in investment is: when others are selling, buy. When others are buying, sell.

The biggest investing errors come not from factors that are informational or analytical, but from those that are psychological.

The bottom line is that even highly skilled investors can be guilty of mis-hits, and the overaggressive shot can easily lose them the match. Thus, defense — significant emphasis on keeping things from going wrong — is an important part of every investor’s game.

If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.

When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

The individual investor should act consistently as an investor and not as a speculator.

Wealth isn’t primarily determined by investment performance, but by investor behavior.

The first rule of investment is: Don’t Lose. And the second rule of investment is: Don’t forget the first rule.

Investing money is the process of committing resources in a strategic way to accomplish a specific objective.

Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.

The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that is likely to get you where you want to go.

The stock market is a device to transfer money from the impatient to the patient.

In the short run, the market is a voting machine. In the long run, it is a weighing machine.

Behind every stock is a company. Find out what it’s doing.

When you invest, you are buying a day that you don’t have to work

Invest for the long haul. Don’t get too greedy and don’t get too scared.

The person who starts simply with the idea of getting rich won’t succeed; you must have a larger ambition.