Quote Discovery

"Price is what you pay. Value is what you get."

"Never invest in a business you cannot understand."

"Having a past actually counted against a company, for a past was a record, and a record was a sign of a company's limitations. You had to show that you were the company, not of the present, but of the future."

"Be fearful when others are greedy and greedy when others are fearful."

"Accounting is the language of business."

"Imitation precedes creation. Copy and copy and copy—and then you discover, almost like a miracle, that special idea that was waiting in your mind to be found."

"Find a simple idea and take it seriously—and take it to its natural limit. That's what we are doing now."

"The investor of today does not profit from yesterday's growth."

"The modern organization of the capital market requires for the holder of quoted equities much more nerve, patience, and fortitude than from the holder of wealth in other forms."

"There is always an easy solution to every human problem. Neat, plausible, and wrong."