The most important quality for an investor is temperament, not intellect.
WARREN BUFFETTIf past history was all that is needed to play the game of money, the richest people would be librarians.
More Warren Buffett Quotes
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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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Risk comes from not knowing what you’re doing.
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Beware of geeks bearing formulas.
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We don’t have to be smarter than the rest. We have to be more disciplined than the rest.
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I never invest in anything that I don’t understand.
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We don’t get paid for being busy, we get paid for being right.
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Someone’s sitting in the shade today because someone planted a tree a long time ago.
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Never ask a barber if you need a haircut.
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If a business does well, the stock eventually follows.
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A public-opinion poll is no substitute for thought.
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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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The secret to happiness is having low expectations.
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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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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Stocks are the only thing that people are happy to buy when the price goes up.
WARREN BUFFETT