Tell me who your heroes are and I’ll tell you how you’ll turn out to be.
WARREN BUFFETTDiversification is protection against ignorance. It makes little sense if you know what you are doing.
More Warren Buffett Quotes
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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 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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Buy 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.
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Other guys read Playboy. I read annual reports.
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If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.
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Never ask a barber if you need a haircut.
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Beware of geeks bearing formulas.
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I never invest in anything that I don’t understand.
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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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The dumbest reason in the world to buy a stock is because it’s going up.
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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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I learned to go into business only with people whom I like, trust, and admire.
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Diversification is protection against ignorance. It makes little sense if you know what you are doing.
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Read 500 pages every day. That’s how knowledge works. It builds up like compound interest.
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Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
WARREN BUFFETT