The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists.

We don't inherit the oceans from our ancestors; we borrow them from our children.

I don't believe in anything, and that's the only thing I believe in.

A fool who knows he is a fool is for that very reason a wise man. The fool who thinks he is wise is the one to be called a fool.

"You don't have to burn books to destroy a culture. Just get people to stop reading them."