A public-opinion poll is no substitute for thought.
Derivatives are financial weapons of mass destruction.
I always knew I was going to be rich. I don't think I ever doubted it for a minute.
I buy expensive suits. They just look cheap on me.
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.
If a business does well, the stock eventually follows.
If past history was all there was to the game, the richest people would be librarians.
In the business world, the rearview mirror is always clearer than the windshield.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
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.
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
Our favorite holding period is forever.
Price is what you pay. Value is what you get.
Risk comes from not knowing what you're doing.
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
The investor of today does not profit from yesterday's growth.
The only time to buy these is on a day with no "y" in it.
Time is the friend of the wonderful company, the enemy of the mediocre.
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
We enjoy the process far more than the proceeds.
Wide diversification is only required when investors do not understand what they are doing.
You only have to do a very few things right in your life so long as you don't do too many things wrong.
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