Diversification is protection against ignorance. It makes little sense if you know what you are doing.
WARREN BUFFETTTime is the friend of the wonderful company, the enemy of the mediocre.
More Warren Buffett Quotes
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
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Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
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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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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
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Learning how to live is much more important than learning how to make a living.
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The rich invest in time, the poor invest in money.
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Never test the depth of river with both the feet.
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Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
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Honesty is a very expensive gift, Don’t expect it from cheap people.
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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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Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1
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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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Chains of habit are too light to be felt until they are too heavy to be broken.
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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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It’s only when the tide goes out that you discover who’s been swimming naked.
WARREN BUFFETT







