In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
WARREN BUFFETTIntensity is the price of excellence.
More Warren Buffett Quotes
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I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
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Honesty is a very expensive gift, Don’t expect it from cheap people.
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You don’t need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.
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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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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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The rich invest in time, the poor invest in money.
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The key to success is emotional stability.
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Ignore the stock market, ignore the economy, and buy a business you understand.
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The difference between successful people and really successful people is that really successful people say no to almost everything.
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An investor should act as though he had a lifetime decision card with just twenty punches on it.
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If a business does well, the stock eventually follows.
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The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.
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Never ask a barber if you need a haircut.
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Diversification may preserve wealth, but concentration builds wealth.
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If you buy things you do not need, soon you will have to sell things you need.
WARREN BUFFETT