The most important thing to do if you find yourself in a hole is to stop digging.
WARREN BUFFETT
Someone’s sitting in the shade today because someone planted a tree a long time ago.
WARREN BUFFETT
Risk comes from not knowing what you are doing.
WARREN BUFFETT
Never invest in a business you cannot understand.
WARREN BUFFETT
In the business world, the rearview mirror is always clearer than the windshield.
WARREN BUFFETT
Time is the friend of the wonderful company, the enemy of the mediocre.
WARREN BUFFETT
It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.
WARREN BUFFETT
If a business does well, the stock eventually follows.
WARREN BUFFETT
Successful investing takes time, discipline, and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.
WARREN BUFFETT
The stock market is designed to transfer money from the active to the patient.
WARREN BUFFETT
Do not take yearly results too seriously. Instead, focus on four or five-year averages.
WARREN BUFFETT
The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
WARREN BUFFETT
The stock market is a no-called-strike game. You don’t have to swing at everything — you can wait for your pitch.
WARREN BUFFETT
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.
WARREN BUFFETT
Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.
WARREN BUFFETT
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.
WARREN BUFFETT
Diversification is protection against ignorance. It makes little sense if you know what you are doing.
WARREN BUFFETT
We always live in an uncertain world. What is certain is that the United States will go forward over time.
WARREN BUFFETT
Wide diversification is only required when investors do not understand what they are doing.
WARREN BUFFETT
The best thing that happens to us is when a great company gets into temporary trouble…We want to buy them when they’re on the operating table.
WARREN BUFFETT
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.
WARREN BUFFETT
Speculation is most dangerous when it looks easiest.
WARREN BUFFETT
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.
WARREN BUFFETT
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
WARREN BUFFETT
I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
WARREN BUFFETT