Warren Buffett

It is not necessary to do extraordinary things to get extraordinary results.

The difference between successful people and really successful people is that really successful people say no to almost everything.

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.

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

Can you really explain to a fish what it’s like to walk on land? One day on land is worth a thousand years of talking about it, and one day running a business has exactly the same kind of value.

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

Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.

There are two times in a man’s life when he should not speculate: when he can’t afford it, and when he can.

October: This is one of the particularly dangerous months to invest in stocks. Other dangerous months are July, January, September, April, November, May, March, June, December, August and February.

It makes more sense to buy a wonderful business at a fair price than it does to buy a fair business at a wonderful price.

Never invest in a business you can’t understand.

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

Our favorite holding period is forever.

The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.

The rich invest in time, the poor invest in money.