In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
WARREN BUFFETTNo 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.
More Warren Buffett Quotes
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Never be afraid to ask for too much when selling or offer too little when buying.
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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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If you buy things you do not need, soon you will have to sell things you need.
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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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Never depend on single income. Make investment to create a second source.
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People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.
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Failing conventionally is the route to go; as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press.
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Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
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Read 500 pages every day. That’s how knowledge works. It builds up like compound interest.
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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’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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People will always try to stop you from doing the right thing if it is unconventional.
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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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You only have to do a very few things right in your life so long as you don’t do too many things wrong.
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Successful Investing takes time, discipline and patience.
WARREN BUFFETT