It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.
WARREN BUFFETTRisk comes from not knowing what you’re doing.
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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You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.
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We don’t get paid for being busy, we get paid for being right.
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It takes 20 years to build a reputation and five minuted to ruin it. If you think about that you’ll do things differently.
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Diversification is protection against ignorance. It makes little sense if you know what you are doing.
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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Games are won by players who focus on the playing field, not by those whose eyes are glued to the scoreboard.
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I am not a businessman, I am an artist.
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The rich invest in time, the poor invest in money.
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I learned to go into business only with people whom I like, trust, and admire.
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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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Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.
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Price is what you pay. Value is what you get.
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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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Learning how to live is much more important than learning how to make a living.
WARREN BUFFETT