 Chains of habit are too light to be felt until they are too heavy to be broken. |
| Wide diversification is only required when investors do not understand what they are doing. |
| 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. |
| We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.' |
| When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact. Topics: Business |
| 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. |
| The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves-and the better the teacher, the better the student body. |
| We enjoy the process far more than the proceeds. |
| If past history was all there was to the game, the richest people would be librarians. |
| It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently. |
| Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it. |
| You only have to do a very few things right in your life so long as you don't do too many things wrong. |
| A public-opinion poll is no substitute for thought. |
| Someone's sitting in the shade today because someone planted a tree a long time ago. |
| Value is what you get. |
| Only when the tide goes out do you discover who's been swimming naked. |
| Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years. |
| The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective. |
| Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful". |
| I buy expensive suits. They just look cheap on me. |
