“Never ask a barber if you need a haircut.”

I always knew I was going to be rich. I don’t think I ever doubted it for a minute.

In the long run managements stressing accounting appearance over economic substance usually achieve little of either.

I learned to go into business only with people whom I like, trust, and admire.

Trust is like the air we breathe. When it’s present, nobody really notices; when it’s absent, everybody notices.

Life is like a snowball. The important thing is finding wet snow and a really long hill.

The rich invest in time, the poor invest in money.

Successful Investing takes time, discipline and patience.

If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.

The stock market is designed to transfer money from the active to the patient.

I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.

Time is the friend of the wonderful company, the enemy of the mediocre.

Diversification is protection against ignorance. It makes little sense if you know what you are doing.

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.

Never test the depth of river with both the feet.

Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.

Wall Street is the only place that people drive to in a Rolls Royce to take advice from people who ride the subway.