I never invest in anything that I don’t understand.
WARREN BUFFETTWhatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
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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The stock market is designed to transfer money from the active to the patient.
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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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The most important quality for an investor is temperament, not intellect.
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The secret to happiness is having low expectations.
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Intensity is the price of excellence.
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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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Risk comes from not knowing what you’re doing.
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Diversification may preserve wealth, but concentration builds wealth.
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What the wise do in the beginning, fools do in the end.
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Never depend on single income. Make investment to create a second source.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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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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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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It’s only when the tide goes out that you discover who’s been swimming naked.
WARREN BUFFETT