Risk comes from not knowing what you're doing.
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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 far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Someone is sitting in the shade today because someone planted a tree a long time ago.
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
Time is the friend of the wonderful company, the enemy of the mediocre.
Wide diversification is only required when investors do not understand what they are doing.
An investment in knowledge pays the best interest.
Chains of habit are too light to be felt until they are too heavy to be broken.
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.
You only have to do a very few things right in your life so long as you don't do too many things wrong.
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.
Honesty is a very expensive gift, Don't expect it from cheap people.
In the business world, the rearview mirror is always clearer than the windshield.
I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
The difference between successful people and really successful people is that really successful people say no to almost everything.
Only when the tide goes out do you discover who's been swimming naked.
Sometimes your best investments are the ones you don't make.
or simply:
