Warren Buffett
» Action » “Someone’s sitting in the shade today because someone planted a tree a long time ago.”
» Belief » “I always knew I was going to be rich. I don’t think I ever doubted it for a minute.”
» Business » “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
» Business » “If a business does well, the stock eventually follows.”
» Change » “If past history was all there was to the game, the richest people would be librarians.”
» Human Nature » “There seems to be some perverse human characteristic that likes to make easy things difficult.”
» Investments » “Our favorite holding period is forever.”
» Management » “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.”
» Money » “Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.”
» Money » “I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.”
» Opinions » “A public opinion poll is no substitute for thought.”
» Opportunity » “Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.”
» Opportunity » “You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.”
» Past » “The investor of today does not profit from yesterday’s growth.”
» Pleasure » “We enjoy the process far more than the proceeds.”
» Reputation » “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
» Risk » “Risk comes from not knowing what you’re doing.”
» Simplicity » “The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.”
» Success » “You only have to do a very few things right in your life so long as you don’t do too many things wrong.”
» Things and Little Things » “I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.”
» Value » “Price is what you pay. Value is what you get.”
