I learned to go into business only with people whom I like, trust, and admire.
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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The dumbest reason in the world to buy a stock is because it’s going up.
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The secret to happiness is having low expectations.
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Diversification is protection against ignorance. It makes little sense if you know what you are doing.
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Money is not everything. Make sure you earn a lot before speaking such nonsense.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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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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We don’t have to be smarter than the rest. We have to be more disciplined than the rest.
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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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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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Learning how to live is much more important than learning how to make a living.
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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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Our favorite holding period is forever.
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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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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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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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