"If you don't find a way to make money while you sleep, you will work until you die."
"A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street (a community in which quality control is not prized) will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest."
11 likes
Source: Chairman's Letter, www.berkshirehathaway.com. February 28, 2001.
About the author
Same author
More quotes by Warren Buffett
"Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two."
"The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn."
"Read 500 pages every day. That's how knowledge works. It builds up like compound interest."
"Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant."
"The Happiest people DO NOT necessarily have the BEST THINGS. They simply APPRECIATE the things they have."