Warren Buffett

If you are in a poker game and after 20 minutes you don’t know who the patsy is, then you’re the patsy.

Tell me who your heroes are and I’ll tell you who you’ll turn out to be.

If past history was all that is needed to play the game of money, the richest people would be librarians.

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

The most important investment you can make is in yourself.

I measure success by how many people love me.

Our favorite holding period is forever.

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

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

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.

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

Never invest in a business you can’t understand.

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

Successful investing takes time, discipline and patience. No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.

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.