Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.
WARREN BUFFETTIt’s only when the tide goes out that you discover who’s been swimming naked.
More Warren Buffett Quotes
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Never test the depth of river with both the feet.
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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Do not save what is left after spending; instead spend what is left after saving.
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Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1
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Never be afraid to ask for too much when selling or offer too little when buying.
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Other guys read Playboy. I read annual reports.
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Risk comes from not knowing what you’re doing.
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Diversification is protection against ignorance. It makes little sense if you know what you are doing.
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The most important investment you can make is in yourself.
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Someone’s sitting in the shade today because someone planted a tree a long time ago.
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Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
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If you’re in the luckiest one percent of humanity, you owe it to the rest of humanity to think about the other 99 percent.
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I never invest in anything that I don’t understand.
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It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.
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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
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