It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
The intelligent investor is a realist who sells to optimists and buys from pessimists.
In the short run, the market is a voting machine, but in the long run, it is a weighing machine.
The market can stay irrational longer than you can stay solvent.
Markets that don't exist can't be analyzed.
In the short run, the market is a voting machine but in the long run, it is a weighing machine.
A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by the experts.
The market is efficient enough that it is very hard to beat consistently.
The number-one corporate strategy for disruptive innovation is to create a market where none exists.
The chasm represents the gulf between two distinct marketplaces for technology products — the first, an early market dominated by enthusiasts and visionaries, and the second, a mainstream market dominated by pragmatists and conservatives.
Pragmatists want to buy from proven market leaders because they know that third parties will design supporting products around a market-leading product.
Every individual necessarily labours to render the annual revenue of the society as great as he can. He generally neither intends to promote the public interest, nor knows how much he is promoting it.
Disruptive technologies typically emerge in insignificant markets that industry leaders don't care about.
