Quotation Wednesday – The Warren Buffet Edition

by the messy optimist

“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.”

“Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.”

“You only have to do a very few things right in your life so long as you don’t do too many things wrong.”

“I always knew I was going to be rich. I don’t think I ever doubted it for a minute.”

“If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.”

“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”

“Someone’s sitting in the shade today because someone planted a tree a long time ago.”

“In the business world, the rearview mirror is always clearer than the windshield.”

“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”

“I’ll give my children ‘enough money so that they would feel they could do anything, but not so much that they could do nothing.”

“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business.”

“It takes 20 years to build a reputation and 5 minutes to ruin it.”

“Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.”

“An investor should act as though he had a lifetime decision card with just twenty punches on it.”