In the words of Warren Buffett:
Never risk what you have and need for what we don't have and don't need.
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
Only when you combine sound intellect with emotional discipline do you get rational behavior.
First come the innovators, then come the imitators, then come the idiots.
Don't risk what is important to you, to get what is not important to you.
Life is like a snowball. The important thing is finding wet snow and a really long hill.
Investing in yourself is the best thing you can do. If you've got talents, no one can take them from you.
If you buy things you do not need, soon you will have to sell things you need.
The difference between successful people and really successful people is that really successful people say no to almost everything.
Chains of habit are too light to be felt until they are too heavy to be broken.
Learning how to live is much more important than learning how to make a living.
Knowing what to leave out is just as important as knowing what to focus on.
In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard.
Gold has two significant shortcomings, being neither of much use nor procreative.
In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
The first rule is not to lose. The second rule is not to forget the first rule.
If you cannot control your emotions, then you cannot control your money.
By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.
The reaction of weak management to weak operations is often weak accounting.
There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
Things you like to do should be a hobby of yours, but things the world does should be a business of yours.
The dumbest reason in the world to buy a stock is because it's going up.
You can be sure that over the next 10 years, you'll see something that you did not think was possible.
The most important quality for an investor is temperament, not intellect.
The Happiest people DO NOT necessarily have the BEST THINGS. They simply APPRECIATE the things they have.
Stocks are the only thing that people are happy to buy when the price goes up.
We don't have to be smarter than the rest. We have to be more disciplined than the rest.
Stop trying to predict the direction of the stock market, the economy or elections.
When forced to choose, I will not trade even a night's sleep for the chance of extra profits.
I am a better investor because I am a businessman, and a better businessman because I am no investor.
Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
Money is not everything. Make sure you earn a lot before speaking such nonsense.
It's good to learn from your mistakes. It's better to learn from other people's mistakes.
The best education you can get is investing in yourself, and that doesn't mean college or university.
Taking jobs to build up your resume is the same as saving up sex for old age.
You don't need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.
People will always try to stop you from doing the right thing if it is unconventional.
When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience.
Do not save what is left after spending, but spend what is left after saving.
If the reason for doing something is that everyone else is doing it, it's not a good enough reason.
If you want to soar like an eagle in life, you can't be flocking with the turkeys.
Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.
Buy companies with strong histories of profitability and with a dominant business franchise.
Never be afraid to ask for too much when selling or offer too little when buying.
Never depend on single income. Make investment to create a second source.
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.
Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.
The Stock Market is designed to transfer money from the Active to the Patient.
Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.
Read 500 pages every day. That's how knowledge works. It builds up like compound interest.
If you don't find a way to make money while you sleep, you will work until you die.
It is better to point out your own mistakes than have somebody else do it.
It’s not that I want money. It’s the fun of making money and watching it grow.
Asking for financial advice from a financial planner is like asking a barber if you need a hair cut.
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