I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day...
Nothing has served me better in my long life than continuous curiosity.
Some of the best stock tips are found in shopping malls and at your own workplace.
When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
In business, I look for economic castles protected by unbreachable moats.
What an investor needs is the ability to correctly evaluate selected businesses. Note that word 'selected': You don't ha...
The three most important words in investing are margin of safety. You don't try to buy businesses worth $83 million for ...
We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
I call investing the greatest business in the world because you never have to swing. You stand at the plate, the pitcher...
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Never invest in a business you cannot understand. Risk comes from not knowing what you're doing.
The stock market is designed to transfer money from the active to the patient. Be fearful when others are greedy, and gr...
We have long felt that the only value of stock forecasters is to make fortune tellers look good. Forecasts may tell you ...
Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.
In looking for people to hire, look for three qualities: integrity, intelligence, and energy. And if they don't have the...
A great business at a fair price is superior to a fair business at a great price. The first $100 million was hard, after...
The whole trick of investing is to find a good business with a good management team at a fair price. Then leave it alone...
Knowing what you don't know is more useful than being brilliant. If you know the edge of your competence, you're way ahe...
The idea of excessive diversification is madness. Wide diversification, which necessarily includes investment in mediocr...
Envy is a really stupid sin because it's the only one you could never possibly have any fun at. There's a lot of pain an...
The big money is not in the buying and selling, but in the waiting. And the waiting is the hardest part.
All I want to know is where I'm going to die, so I'll never go there. It is remarkable how much long-term advantage peop...
The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the res...
Our favorite holding period is forever. We are satisfied owning wonderful businesses at reasonable prices. To us, sellin...
If you're not willing to react with equanimity to a market price decline of 50% two or three times a century, you're not...
I like people admitting they were complete stupid horses' asses. I know I'll perform better if I rub my nose in my mista...
Sit on your ass investing. You're paying less to brokers, you're listening to less nonsense. And if it works, the tax sy...
You must know the big ideas in the big disciplines and use them routinely — all of them, not just a few. Most people are...
Invert, always invert. Turn a situation or problem upside down. Look at it backward. What happens if all our plans succe...
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