Warren Buffett

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

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The first rule is not to lose. The second rule is not to forget the first rule.

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Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

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The investor of today does not profit from yesterday's growth.

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Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

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

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Wide diversification is only required when investors do not understand what they are doing.

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Only when the tide goes out do you discover who's been swimming naked.

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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.

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