"We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, we continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place."
"Investors making purchases in an overheated market need to recognize that it will often take an extended period for the value of even an outstanding company to catch up with the price they paid."
"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."