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.
WARREN BUFFETTAn investor should act as though he had a lifetime decision card with just twenty punches on it.
More Warren Buffett Quotes
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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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I never invest in anything that I don’t understand.
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
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Writing a check separates a commitment from a conversation.
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I am not a businessman, I am an artist.
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Never test the depth of river with both the feet.
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The Happiest people do not necessarily have the best things. They simply appreciate the things they have.
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Honesty is a very expensive gift, Don’t expect it from cheap people.
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Tell me who your heroes are and I’ll tell you how you’ll turn out to be.
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When you combine ignorance and leverage, you get some pretty interesting results.
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Someone’s sitting in the shade today because someone planted a tree a long time ago.
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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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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
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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.
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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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Other guys read Playboy. I read annual reports.
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I learned to go into business only with people whom I like, trust, and admire.
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Do not save what is left after spending; instead spend what is left after saving.
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The secret to happiness is having low expectations.
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Never ask a barber if you need a haircut.
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Never depend on single income. Make investment to create a second source.
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It’s much easier to stay out of trouble now than to get out of trouble later.
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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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Diversification is protection against ignorance. It makes little sense if you know what you are doing.
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Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.
WARREN BUFFETT