Someone's sitting in the shade today because someone planted a tree a long time ago.

Change

If past history was all there was to the game, the richest people would be librarians.

Money

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

Opportunity

Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.

Risk

Risk comes from not knowing what you're doing.

Value

Price is what you pay. Value is what you get.