“Someone's sitting in the shade today because someone planted a tree a long time ago. The person sitting in the shade now should be grateful for the person who planted and tended that tree. That includes all those benefactors of humanity throughout history that created, invented, financed, produced, maintained and improved all that we enjoy today.”

“If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.”

“Investing is forgoing consumption now in order to have the ability to consume more at a later date.”

“You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.”

“America should stand for more than just wealth.”

“The way to make money in the stock market is to buy a stock. Then, when it goes up, sell it. If it's not going to go up, don't buy it!”

“The difference between success and failure is not which stock you buy or which piece of real estate you buy, it's asset allocation.”

“You have to move from just working for money to a world where money works for you.”

“Let us, like merchants, show our foulest wares,And think perchance they'll sell; if not,The lustre of the better yet to showShall show the better.”

“The greatest meliorator of the world is selfish, huckstering Trade.”

“In finance everything that is agreeable is unsoundand everything that is sound is disagreeable.”

“A single year's performance is of minor importance and, good or bad, should never be taken seriously.”

“Do not take yearly results too seriously. Instead, focus on four or five-year averages.”

“If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.”

“A poor thing, perhaps, but my own.”

“In the Greek cities, it was reckoned profane, that any person should pretend a property in a work of art, which belonged to all who could behold it.”

“Thought is the property of him who can entertain it, and of him who can adequately place it.”