Ignore the stock market, ignore the economy, and buy a business you understand.
WARREN BUFFETTOnly buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
More Warren Buffett Quotes
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I never invest in anything that I don’t understand.
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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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Never be afraid to ask for too much when selling or offer too little when buying.
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Diversification may preserve wealth, but concentration builds wealth.
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If you buy things you do not need, soon you will have to sell things you need.
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Stocks are the only thing that people are happy to buy when the price goes up.
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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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The dumbest reason in the world to buy a stock is because it’s going up.
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When people tell me they’ve learned from experience, I tell them the trick is to learn from other people’s experience.
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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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Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
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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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It’s only when the tide goes out that you discover who’s been swimming naked.
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The most important quality for an investor is temperament, not intellect.
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In the business world, the rearview mirror is always clearer than the windshield.
WARREN BUFFETT