How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.

John Maynard Keynes essentially said, don't try and figure out what the market is doing. Figure out a business you understand, and concentrate.

Either they're trying to con you or they're trying to con themselves.

Our policy is to concentrate holdings. We try to avoid buying a little of this or that when we are only lukewarm about the business or its price. When we are convinced as to attractiveness, we believe in buying worthwhile amounts.

I never try to predict the market.

It's a big mistake to try and mislead people. They will turn around.