Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
The stock market is designed to transfer money from the Active to the Patient.
Someone’s 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.
The most important investment you can make is in yourself.
Do not save what is left after spending; instead spend what is left after saving.
Time is the friend of the wonderful company, the enemy of the mediocre.
The investor of today does not profit from yesterday’s growth.
Diversification is protection against ignorance. It makes little sense if you know what you are doing.
If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.
The best chance to deploy capital is when things are going down.
The stock market is a device for transferring money from the impatient to the patient.
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.
Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
You only have to do a very few things right in your life so long as you don’t do too many things wrong.
What we learn from history is that people don’t learn from history.
Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.
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.
