Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1
WARREN BUFFETTWall Street is the only place that people drive to in a Rolls Royce to take advice from people who ride the subway.
More Warren Buffett Quotes
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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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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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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
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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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I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.
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The dumbest reason in the world to buy a stock is because it’s going up.
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Chains of habit are too light to be felt until they are too heavy to be broken.
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It’s much easier to stay out of trouble now than to get out of trouble later.
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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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Our favorite holding period is forever.
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Beware of geeks bearing formulas.
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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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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 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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If you buy things you do not need, soon you will have to sell things you need.
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