Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
WARREN BUFFETTIf you don’t find a way to make money while you sleep, you will work until you die.
More Warren Buffett Quotes
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Our favorite holding period is forever.
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In the business world, the rearview mirror is always clearer than the windshield.
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In the world of business, the people who are most successful are those who are doing what they love.
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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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There seems to be some perverse human characteristic that likes to make easy things difficult.
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Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.
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Read 500 pages every day. That’s how knowledge works. It builds up like compound interest.
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The secret to happiness is having low expectations.
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Never ask a barber if you need a haircut.
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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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Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1
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In looking for people to hire, you look for three qualities: integrity, intelligence, and energy.
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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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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 never invest in anything that I don’t understand.
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Money is not everything. Make sure you earn a lot before speaking such nonsense.
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The most important investment you can make is in yourself.
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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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Price is what you pay. Value is what you get.
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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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Trust is like the air we breathe. When it’s present, nobody really notices; when it’s absent, everybody notices.
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It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.
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If you’re in the luckiest one percent of humanity, you owe it to the rest of humanity to think about the other 99 percent.
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Diversification is protection against ignorance. It makes little sense if you know what you are doing.
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You don’t need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.
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Ignore the stock market, ignore the economy, and buy a business you understand.
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