'Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.'

'I'd be a bum on the street with a tin cup if the markets were always efficient.'

'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.'

'You leave yourself an enormous margin of safety. You build a bridge that 30,000-pound trucks can go across and then you drive 10,000-pound trucks across it. T…