"If you make yourself a very reliable person and stay reliable all your life, faithfully doing whatever you engage to do, it will be v...

"There are lots of things in life that come to you where you have no option to not consider the issue. But where it’s voluntary, like ...

"Investors have consistently lost money by assuming that if they invest in the equity of companies engaged in a growth market it is lo...

"Most powerful is he who has himself in his own power." --Seneca A Few Gentle Thoughts on Journalism - by Jason Zweig ( LINK )...

Link to Memo: On the Other Hand Expectation that the Federal Reserve will cut interest rates has been a primary factor driving investor se...

"We don’t formally have discount rates. Every time I start talking about all this stuff, Charlie reminds me that I’ve never prepared a...

"If the business is good enough, it will carry a lousy manager. And the converse case, where a really good manager gets in a really lo...

"You have to keep learning that you don’t know, because you find models that work, ways to make money, and then they blow sky-high. Th...

"Volatility is not a measure of risk.... Risk comes from the nature of certain kinds of businesses. It can be risky to be in some busi...

From his introduction to Part VII of  Security Analysis: Sixth Edition   (published in 2008): I am optimistic about the future of value ...