“Be greedy when others are fearful and fearful when others are greedy.' Easier said than done for the vast majority of stock traders. ... On every stock trade there is someone who wants to sell and someone who wants to buy, at least at a particular price. ...the person who is selling thinks that she is getting out just in time while the person buying thinks that he is about to make good money.... The truth is that the market doesn't really reflect some magical perfect valuation of a stock under the efficient market hypothesis. It reflects the mass consensus of how actual individual investors value the stock. It is the sum total of everyone's hopes and fears...”

“The office is painted with green and red stripes. It’s not painted that way so my mom can experience Christmas 364 more days a year. It represents the stock market, with green symbolizing greed, and red representing fear. Buy when the masses are fearful, and sell when the population is greedy.”

“It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.”

“If only one person were perfectly informed there could never be a general crisis. But the only perfectly informed person is God, and he does not play the stock market.”

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

“be greedy when others are fearful, and fearful when others are greedy.”