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.
WARREN BUFFETTWhen people tell me they’ve learned from experience, I tell them the trick is to learn from other people’s experience.
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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Price is what you pay. Value is what you get.
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Diversification may preserve wealth, but concentration builds wealth.
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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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Never be afraid to ask for too much when selling or offer too little when buying.
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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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Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
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Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.
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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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Other guys read Playboy. I read annual reports.
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If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.
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Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
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If you don’t find a way to make money while you sleep, you will work until you die.
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You only have to do a very few things right in your life so long as you don’t do too many things wrong.
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It’s only when the tide goes out that you discover who’s been swimming naked.
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