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.
WARREN BUFFETTTell me who your heroes are and I’ll tell you how you’ll turn out to be.
More Warren Buffett Quotes
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Tell me who your heroes are and I’ll tell you how you’ll turn out to be.
WARREN BUFFETT -
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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A public-opinion poll is no substitute for thought.
WARREN BUFFETT -
Someone’s sitting in the shade today because someone planted a tree a long time ago.
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I never invest in anything that I don’t understand.
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It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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The secret to happiness is having low expectations.
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Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
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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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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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Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
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Never depend on single income. Make investment to create a second source.
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No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.
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Other guys read Playboy. I read annual reports.
WARREN BUFFETT