Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
WARREN BUFFETTWhen you combine ignorance and leverage, you get some pretty interesting results.
More Warren Buffett Quotes
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Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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Stocks are the only thing that people are happy to buy when the price goes up.
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Life is like a snowball. The important thing is finding wet snow and a really long hill.
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I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.
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It’s nice to have a lot of money, but you know, you don’t want to keep it around forever. I prefer buying things. Otherwise, it’s a little like saving sex for your old age.
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Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.
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The Happiest people do not necessarily have the best things. They simply appreciate the things they have.
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I try to invest in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
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Price is what you pay. Value is what you get.
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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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Ignore the stock market, ignore the economy, and buy a business you understand.
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It’s only when the tide goes out that you discover who’s been swimming naked.
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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
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Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1
WARREN BUFFETT