Other guys read Playboy. I read annual reports.
WARREN BUFFETTRead 500 pages every day. That’s how knowledge works. It builds up like compound interest.
More Warren Buffett Quotes
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Never ask a barber if you need a haircut.
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Time is the friend of the wonderful company, the enemy of the mediocre.
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The secret to happiness is having low expectations.
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People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.
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It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.
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Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.
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The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
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Beware of geeks bearing formulas.
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If a business does well, the stock eventually follows.
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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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There seems to be some perverse human characteristic that likes to make easy things difficult.
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Why not invest your assets in the companies you really like? As Mae West said, ‘Too much of a good thing can be wonderful.
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Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.
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Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
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The most important thing to do if you find yourself in a hole is to stop digging.
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