 Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway. |
| Risk comes from not knowing what you're doing. |
| Let blockheads read what blockheads wrote. |
| Derivatives are financial weapons of mass destruction. |
| The only time to buy these is on a day with no "y" in it. |
| There seems to be some perverse human characteristic that likes to make easy things difficult. |
| We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. |
| Our favorite holding period is forever. |
| I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. |
| Beware of geeks bearing formulas. |
| Risk is a part of God's game, alike for men and nations. |
| The investor of today does not profit from yesterday's growth. |
| 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. |
| I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here. |
| Rule No.1: Never lose money. Rule No.2: Never forget rule No.1. |
| Time is the friend of the wonderful company, the enemy of the mediocre. |
| 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. |
| Price is what you pay. Value is what you get. |
| Your premium brand had better be delivering something special, or it's not going to get the business. |
| When you combine ignorance and leverage, you get some pretty interesting results. |
