“The single greatest edge an investor can have is long term orientation” – Seth Klarman

“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 ten years. ” – Warren Buffet

“The hard part is discipline, patience, and judgment. Investors need discipline to avoid the many unattractive pitches that are thrown, patience to wait for the right pitch, and judgment to know when it is time to swing.” -Seth Klarman

“Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety.” – Ben Graham

“Cash combined with courage in a time of crisis is priceless.” -Warren Buffett

“If you can remember that stocks aren’t pieces of paper that gyrate all the time – it all makes sense.” -Seth Klarman

“Successful investors like stocks better when they’re going down. When you go to a department store or a supermarket, you like to buy merchandise on sale, but it doesn’t work that way in the stock market. In the stock market, people panic when stocks are going down, so they like them less when they should like them more. When prices go down, you shouldn’t panic, but it’s hard to control your emotions when you’re overextended, when you see your net worth drop in half and you worry that you won’t have enough money to pay for your kids’ college.” – Seth Klarman

“Sometimes buying early on the way down looks like being wrong, but it isn’t.” -Seth Klarman

“In investing, what is comfortable is rarely profitable.” – Robert Arnott