“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.”

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.

Writing a check separates a commitment from a conversation.

Other guys read Playboy. I read annual reports.

The key to success is emotional stability.

Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1

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.

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.

It’s good to learn from your mistakes. It’s better to learn from other people’s mistakes.

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.

Never be afraid to ask for too much when selling or offer too little when buying.

Money is not everything. Make sure you earn a lot before speaking such nonsense.

Never depend on single income. Make investment to create a second source.

Chains of habit are too light to be felt until they are too heavy to be broken.

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.

Making money is art and working is art and good business is the best art.

Business is fun. Controlling your own destiny is fun. Creating an idea and turning it into a movie; finding an artist and guiding their career and bringing them to some type of status – there’s joy in that.

One’s better off alone, and yet there are so many things that are impossible to fathom on one’s own. In fact it’s a terrible business and the task is a hard one.

There is less difference than many suppose between the ideal Socialist system, in which the big businesses are run by the State, and the present Capitalist system, in which the State is run by the big businesses.

I’m in a business where no one cares about anything except how well your last collection sold.

Being good in business is the most fascinating kind of art.

There’s no business like show business.

If you have so much business to attend to that you have no time to pray, depend upon it that you have more business on hand than God ever intended you should have.