Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.

It sounds kind of crazy, but in times of turmoil in the market, I’ve felt a sort of serenity in knowing that I’ve checked and re-checked my work, one plus one still equals two regardless of where a stock trades right after I buy it.

Volatility is a symptom that people have no idea of the underlying value--that they have stopped playing the asset game.

Psychology is probably the most important factor in the market – and the one that is least understood.

Successful investors tend to be unemotional, allowing the greed of others to play into their hands. By having confidence in their own analysis and judgment, they respond to market forces not with blind emotion but with calculated reason.

“Value stocks are about as exciting as watching grass grow. But have you ever noticed how much your grass grows in a week?”