Diversification is protection against ignorance. It makes little sense if you know what you are doing.
WARREN BUFFETTNever be afraid to ask for too much when selling or offer too little when buying.
More Warren Buffett Quotes
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If a business does well, the stock eventually follows.
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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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I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
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You don’t need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.
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Ignore the stock market, ignore the economy, and buy a business you understand.
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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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Read 500 pages every day. That’s how knowledge works. It builds up like compound interest.
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I am not a businessman, I am an artist.
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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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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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Intensity is the price of excellence.
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Money is not everything. Make sure you earn a lot before speaking such nonsense.
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Life is like a snowball. The important thing is finding wet snow and a really long hill.
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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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The most important quality for an investor is temperament, not intellect.
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If past history was all that is needed to play the game of money, the richest people would be librarians.
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The key to success is emotional stability.
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It’s nice to have a lot of money, but you know, you don’t want to keep it around forever. I prefer buying things. Otherwise, it’s a little like saving sex for your old age.
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Diversification may preserve wealth, but concentration builds wealth.
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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
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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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The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.
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People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.
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Chains of habit are too light to be felt until they are too heavy to be broken.
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Other guys read Playboy. I read annual reports.
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Never test the depth of river with both the feet.
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