When you combine ignorance and leverage, you get some pretty interesting results.
WARREN BUFFETTI learned to go into business only with people whom I like, trust, and admire.
More Warren Buffett Quotes
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If you don’t find a way to make money while you sleep, you will work until you die.
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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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Stocks are the only thing that people are happy to buy when the price goes up.
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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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If you cannot control your emotions, you cannot control your money.
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It’s only when the tide goes out that you discover who’s been swimming naked.
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Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1
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I try to invest in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
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Never test the depth of river with both the feet.
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It takes 20 years to build a reputation and five minuted to ruin it. If you think about that you’ll do things differently.
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Diversification may preserve wealth, but concentration builds wealth.
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The secret to happiness is having low expectations.
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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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Beware of geeks bearing formulas.
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If you buy things you do not need, soon you will have to sell things you need.
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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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I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
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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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The dumbest reason in the world to buy a stock is because it’s going up.
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Learning how to live is much more important than learning how to make a living.
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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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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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Life is like a snowball. The important thing is finding wet snow and a really long hill.
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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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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.
WARREN BUFFETT