Habits of happy people: 1. Don't show off 2. Talk less 3. Learn daily 4. Help less fortunate 5. Laugh more 6. Ignore nonsense 7. No entitlement. - Warren Buffett

Draw a circle around the businesses you understand and then eliminate those that fail to qualify on the basis of value, good management and limited exposure to hard times. ... Buy into a company because you want to own it, not because you want the stock to go up. ... People have been successful investors because they've stuck with successful companies. Sooner or later the market mirrors the business.

When the price of a stock can be influenced by a "herd" on Wall Street with prices set at the margin by the most emotional person, or the greediest person, or the most depressed person, it is hard to argue that the market always prices rationally. In fact, market prices are often nonsensical.

I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.