An investor should act as though he had a lifetime decision card with just twenty punches on it.
WARREN BUFFETTBuy 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.
More Warren Buffett Quotes
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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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Ignore the stock market, ignore the economy, and buy a business you understand.
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Beware of geeks bearing formulas.
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If you cannot control your emotions, you cannot control your money.
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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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The most important thing to do if you find yourself in a hole is to stop digging.
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In the world of business, the people who are most successful are those who are doing what they love.
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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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Other guys read Playboy. I read annual reports.
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Diversification may preserve wealth, but concentration builds wealth.
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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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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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The most important quality for an investor is temperament, not intellect.
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The dumbest reason in the world to buy a stock is because it’s going up.
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Never test the depth of river with both the feet.
WARREN BUFFETT