1. Price is what you pay. Value is what you get. Interpretation: Emphasizes the importance of distinguishing between price and value, with the core idea being 'buying quality assets at a reasonable price'.
2. "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes." Interpretation: Long-term thinking, investment should be based on the long-term value of the company rather than short-term fluctuations.
3. "Be fearful when others are greedy and greedy when others are fearful." Interpretation: A contrarian investment strategy, looking for opportunities in extreme market sentiment.
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