Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1
WARREN BUFFETTIt’s good to learn from your mistakes. It’s better to learn from other people’s mistakes.
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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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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Read 500 pages every day. That’s how knowledge works. It builds up like compound interest.
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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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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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Money is not everything. Make sure you earn a lot before speaking such nonsense.
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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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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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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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I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.
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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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Diversification may preserve wealth, but concentration builds wealth.
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An investor should act as though he had a lifetime decision card with just twenty punches on it.
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Our favorite holding period is forever.
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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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