Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.

Be fearful when others are greedy, and greedy when others are fearful.

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

Our favorite holding period is forever.

Risk comes from not knowing what you're doing.

I try to invest in companies where the downside is limited and the upside is significant.

-- Bruce Berkowitz

The key to investing is figuring out what something is worth and paying less for it.

-- Mario Gabelli

Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.

-- Warren Buffett

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

-- Warren Buffett

Buying good companies at bargain prices is the secret to making a lot of money.

-- Joel Greenblatt

Value investing is at its core the marriage of a contrarian streak and a calculator.

-- Seth Klarman