Fav Quotes

40 quotes by Warren Buffett

“I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.” — Warren Buffett
4 favs
“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.” — Warren Buffett
4 favs
“Chains of habit are too light to be felt until they are too heavy to be broken.” — Warren Buffett
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“Someone's sitting in the shade today because someone planted a tree a long time ago.” — Warren Buffett
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“The best place to learn ethics is in the home.” — Warren Buffett
4 favs
“If past history was all there was to the game, the richest people would be librarians.” — Warren Buffett
4 favs
“There's plenty of money to be made in the center of the court.” — Warren Buffett
Context:Regarding business that's "too close to the line" in terms of legality.
Source:Biennial letter to Berkshire Hathaway Managers, 2014
4 favs
“If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.” — Warren Buffett
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“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” — Warren Buffett
3 favs
“We make silk purses out of silk.” — Warren Buffett
Source:http://www.youtube.com/watch?v=7I7utGAEhDI&t=1m51s
3 favs
“We can afford to lose money – even a lot of money. But we can’t afford to lose reputation – even a shred of reputation.” — Warren Buffett
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“Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.” — Warren Buffett
Context:On how to become a better investor, he pointed to a stack of annual reports.
3 favs
“In the business world, the rearview mirror is always clearer than the windshield.” — Warren Buffett
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“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.” — Warren Buffett
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“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
Source:http://www.cnbc.com/id/101573765
2 favs
“If you wait until you see the robin, spring will be over.” — Warren Buffett
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“Rule No. 1: Never lose money; rule No. 2: Don’t forget rule No. 1.” — Warren Buffett
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“Shortly after I met Bill Gates, Bill's dad asked each of us to write down on a piece of paper one word that would best describe what had helped us the most. Bill and I, without any collaboration at all, each wrote the word "focus.” — Warren Buffett
Source:Becoming Warren Buffett
2 favs
“If you're emotional about investment, you're not going to do well. You may have all these feelings about the stock. The stock has no feelings about you.” — Warren Buffett
Source:Becoming Warren Buffett
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“It's a very strange thing, love. You can't get rid of it. If you try to give it out, you get more back. If you try to hang onto it, you lose it.” — Warren Buffett
Source:Becoming Warren Buffett
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“Our favorite holding period is forever.” — Warren Buffett
1 fav
“You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it.” — Warren Buffett
1 fav
“Time is the friend of the wonderful company, the enemy of the mediocre.” — Warren Buffett
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“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.” — Warren Buffett
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“Your premium brand had better be delivering something special, or it's not going to get the business.” — Warren Buffett
1 fav

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