"If you don't find a way to make money while you sleep, you will work until you die."
"Investors should remember that their scorecard is not computed using Olympic-diving methods: Degree-of-difficulty doesn't count. If you are right about a business whose value is largely dependent on a single key factor that is both easy to understand and enduring, the payoff is the same as if you had correctly analyzed an investment alternative characterized by many constantly shifting and complex variables."
5 likes
Source: Letter To the Shareholders of Berkshire Hathaway Inc., www.berkshirehathaway.com. March 7, 1995.
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."