In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
WARREN BUFFETTNever depend on single income. Make investment to create a second source.
More Warren Buffett Quotes
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If past history was all that is needed to play the game of money, the richest people would be librarians.
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Learning how to live is much more important than learning how to make a living.
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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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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
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Never depend on single income. Make investment to create a second source.
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If you don’t find a way to make money while you sleep, you will work until you die.
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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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Other guys read Playboy. I read annual reports.
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Money is not everything. Make sure you earn a lot before speaking such nonsense.
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Beware of geeks bearing formulas.
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Trust is like the air we breathe. When it’s present, nobody really notices; when it’s absent, everybody notices.
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The stock market is designed to transfer money from the active to the patient.
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Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.
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Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
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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.
WARREN BUFFETT