'The future is never clear, and you pay a very high price in the stock market for a cheery consensus. Uncertainty is the friend of the buyer of long-term values.'

'The most important quality for an investor is temperament, not intellect... You need a temperament that neither derives great pleasure from being with the cro…

'We will only do with your money what we would do with our own.'

'If a business does well, the stock eventually follows.'