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.
WARREN BUFFETTWhen you combine ignorance and leverage, you get some pretty interesting results.
More Warren Buffett Quotes
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Beware of geeks bearing formulas.
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You can’t make a good deal with a bad person.
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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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When people tell me they’ve learned from experience, I tell them the trick is to learn from other people’s experience.
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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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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
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It’s only when the tide goes out that you discover who’s been swimming naked.
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I try to invest in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
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Remember that the stock market is a manic depressive.
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Diversification may preserve wealth, but concentration builds wealth.
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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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Read 500 pages every day. That’s how knowledge works. It builds up like compound interest.
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Other guys read Playboy. I read annual reports.
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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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The difference between successful people and really successful people is that really successful people say no to almost everything.
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