"A bull market is like sex. It feels best just before it ends."
Quote collection
Warren Buffett quotes (page 8 of 48)
959 quotes — follow a thought to its full quote page.
"I don't have my diploma from the University of Nebraska hanging on my office wall, and I don't have my diploma from Columbia up there either-but I do have my Dale Carnegie graduation certificate proudly displayed."
"When it's raining gold, reach for a bucket, not a thimble."
"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."
"Diversification may preserve wealth, but concentration builds wealth."
"Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong."
"If you invested in a very low cost index fund - where you don't put the money in at one time, but average in over 10 years -you'll do better than 90% of people who start investing at the same time."
"Success in investing doesn’t correlate with I.Q. Once you are above the level of 25; once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing."
"The best education you can get is investing in yourself, and that doesn't mean college or university."
"Never risk what you have and need for what we don't have and don't need."
"Things you like to do should be a hobby of yours, but things the world does should be a business of yours."
"But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things."
"The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball."
"It is better to point out your own mistakes than have somebody else do it."
"Be fearful when there is greed and be greedy when there is fear."
"As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow."
"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it."
"You have to be able to communicate in life and probably schools underemphasize that. If you can't talk to people or write, you're giving up your potential."
"The first rule is not to lose. The second rule is not to forget the first rule."
"You don't have to be a genius to invest well"