Stocks are the only thing that people are happy to buy when the price goes up.
WARREN BUFFETTPrice is what you pay. Value is what you get.
More Warren Buffett Quotes
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In looking for people to hire, you look for three qualities: integrity, intelligence, and energy.
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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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I learned to go into business only with people whom I like, trust, and admire.
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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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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
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People will always try to stop you from doing the right thing if it is unconventional.
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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.
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Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
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Read 500 pages every day. That’s how knowledge works. It builds up like compound interest.
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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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A public-opinion poll is no substitute for thought.
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Never be afraid to ask for too much when selling or offer too little when buying.
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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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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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Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
WARREN BUFFETT