Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1
WARREN BUFFETTIf you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
More Warren Buffett Quotes
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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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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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I learned to go into business only with people whom I like, trust, and admire.
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No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.
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Why not invest your assets in the companies you really like? As Mae West said, ‘Too much of a good thing can be wonderful.
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The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.
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Stocks are the only thing that people are happy to buy when the price goes up.
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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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Price is what you pay. Value is what you get.
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Failing conventionally is the route to go; as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press.
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The most important quality for an investor is temperament, not intellect.
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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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Our favorite holding period is forever.
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You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.
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Trust is like the air we breathe. When it’s present, nobody really notices; when it’s absent, everybody notices.
WARREN BUFFETT