garychannon has 26 favorites

“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

“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

“If you wait until you see the robin, spring will be over.” — Warren Buffett

2 favs

“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

3 favs

“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” — Warren Buffett

3 favs

“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

“The best place to learn ethics is in the home.” — 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

“We make silk purses out of silk.” — Warren Buffett

Source:http://www.youtube.com/watch?v=7I7utGAEhDI&t=1m51s

3 favs

“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