Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
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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I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
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Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
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In looking for people to hire, you look for three qualities: integrity, intelligence, and energy.
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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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We don’t have to be smarter than the rest. We have to be more disciplined than the rest.
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Beware of geeks bearing formulas.
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People will always try to stop you from doing the right thing if it is unconventional.
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What the wise do in the beginning, fools do in the end.
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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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An investor should act as though he had a lifetime decision card with just twenty punches on it.
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Never ask a barber if you need a haircut.
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The rich invest in time, the poor invest in money.
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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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Games are won by players who focus on the playing field, not by those whose eyes are glued to the scoreboard.
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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.
WARREN BUFFETT