Warren Buffett Quotes

In my adult business life I have never had to make a choice of trading between professional and personal. I tap-dance to work, and when I get there it’s tremendous fun.

I have simple pleasures. I play bridge online for 12 hours a week. Bill and I play, he’s “chalengr” and I’m “tbone”.

I just naturally want to do things that make sense. In my personal life too, I don’t care what other rich people are doing. I don’t want a 405 foot boat just because someone else has a 400 foot boat.

I want to be able to explain my mistakes. This means I do only the things I completely understand.

The best way to own common stocks is through an index fund.

I was lucky to have the right heroes. Tell me who your heroes are and I’ll tell you how you’ll turn out to be. The qualities of the one you admire are the traits that you, with a little practice, can make your own, and that, if practiced, will become habit-forming.

If you’re doing something you love, you’re more likely to put your all into it, and that generally equates to making money.

A public-opinion poll is no substitute for thought.

Chains of habit are too light to be felt until they are too heavy to be broken.

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

I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

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 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.

Let blockheads read what blockheads wrote.

Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.

Risk is a part of God’s game, alike for men and nations.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.

There seems to be some perverse human characteristic that likes to make easy things difficult.

Price is what you pay, value is what you get.

We enjoy the process far more than the proceeds.

Why not invest your assets in the companies you really like? As Mae West said, “Too much of a good thing can be wonderful”.

You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.