"We sometimes have a flash of understanding that amounts to the insight of genius, and yet it slowly withers, even in our hands - like a flower. The form remains, but the colours and the fragrance are gone."

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[W]e think the very term 'value investing' is redundant. What is 'investing' if it is not the act of seeking value at least sufficient to justify the amount paid? Consciously paying more for a stock than its calculated value -- in the hope that it can soon be sold for a still-higher price -- should be labeled speculation (which is neither illegal, immoral nor -- in our view -- financially fattening).

— Warren Buffett