The most important quality for an investor is temperament, not intellect.
WARREN BUFFETTWhy not invest your assets in the companies you really like? As Mae West said, ‘Too much of a good thing can be wonderful.
More Warren Buffett Quotes
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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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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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Read 500 pages every day. That’s how knowledge works. It builds up like compound interest.
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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.
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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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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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Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.
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A public-opinion poll is no substitute for thought.
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The stock market is designed to transfer money from the active to the patient.
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It’s good to learn from your mistakes. It’s better to learn from other people’s mistakes.
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Wall Street is the only place that people drive to in a Rolls Royce to take advice from people who ride the subway.
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Ignore the stock market, ignore the economy, and buy a business you understand.
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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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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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An investor should act as though he had a lifetime decision card with just twenty punches on it.
WARREN BUFFETT