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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. Price is what you pay. Value is what you get. Someone’s sitting in the shade today because someone planted a tree a long time ago. It’s only when the tide goes out that you discover who’s been swimming naked. Risk comes from not knowing what you’re doing. After all, you only find out who is swimming naked when the tide goes out. I always knew I was going to be rich. I don’t think I ever doubted it for a minute. Beware of geeks bearing formulas. Our favorite holding period is forever. Chains of habit are too light to be felt until they are too heavy to be broken.– Warren Buffett