If you buy things you do not need, soon you will have to sell things you need.
Never depend on single income. Make investment to create a second source.
Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
I measure success by how many people love me.
Honesty is very expensive gift. Do not expect it from cheap people.
Never test the depth of river with both the feet
You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.
I just sit in my office and read all day
Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don’t have the last one, don’t even bother with the first two.
Do not put all eggs in one basket.
No matter how great the talent or efforts, some things take time. You can’t produce a baby in one month by getting nine women pregnant.
You can’t make a good deal with a bad person.
The big question about how people behave is whether they’ve got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.
Predicting rain doesn’t count. Building arks does.
Time is the friend of the wonderful company, the enemy of the mediocre.
Our favorite holding period is forever
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
Time is the friend of the wonderful company, the enemy of the mediocre.
Our favorite holding period is forever
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
You only have to do a very few things right in your life so long as you don’t do too many things wrong.
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
The most important investment you make is invest in yourself.
If past history is all that is needed to play the game of money, the richest people would be librarians.
The difference between successful people and really successful is that really successful people say no to almost everything
If you get to my age in life and nobody thinks well of you, I don’t care how big your bank account is, your life is a disaster.
you are thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.
Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.
Tell me who you heroes are and I’ll tell you who you’ll turn out to be.
An investor should act as though he had a lifetime decision card with just twenty punches on it.
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.
Our favorite holding period is forever.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Chains of habit are too light to be felt until they are too heavy to be broken.
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Risk comes from not knowing what you’re doing.
In the business world, the rearview mirror is always clearer than the windshield.
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Price is what you pay. Value is what you get.
Someone is sitting in the shade today because someone planted a tree a long time ago.
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