An investor should act as though he had a lifetime decision card with just twenty punches on it.
WARREN BUFFETTI do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.
More Warren Buffett Quotes
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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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Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
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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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No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.
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Someone’s sitting in the shade today because someone planted a tree a long time ago.
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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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Diversification is protection against ignorance. It makes little sense if you know what you are doing.
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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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Risk comes from not knowing what you’re doing.
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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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If you buy things you do not need, soon you will have to sell things you need.
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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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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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It’s only when the tide goes out that you discover who’s been swimming naked.
WARREN BUFFETT