Changed the way I think about money and investing
“Price is what you pay. Value is what you get.”
“Fear is the most contagious disease you can imagine. It makes the virus look like a piker.”
“The important thing is to know what you know and know what you don’t know.”
“Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”
“Uncertainty actually is the friend of the buyer of long-term values.”
“Don’t pass up something that’s attractive today because you think you will find something better tomorrow.”
“The best way to think about investments is to be in a room with no one else and to just think. If that doesn’t work, nothing else is going to work.”
“Rule number 1 is never lose money. Rule number 2 is never forget Rule number 1.”
“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
“Risk comes from not knowing what you’re doing.”
“If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.”
“The most important quality for an investor is temperament, not intellect.”
“Never depend on a single income. Make an investment to create a second source.”
“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”
“No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.”
“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
“You only have to do very few things right in your life so long as you don’t do too many things wrong.”
“Our favourite holding period is forever.”
“Wide diversification is only required when investors do not understand what they are doing.”
“The rich invest in time, the poor invest in money.”
“Only when you combine sound intellect with emotional discipline; do you get rational behaviour.”
“Your best investment is yourself. There is nothing that compares to it.”
