Mimicking the herd invites regression to the mean.
Take a simple idea, and take it seriously.
The liabilities are always percent good.It's the assets you have to worry about.
We're not interested in taking a substantial chance of taking a lot of very decent people back to 'Go' so we can have one more zero on our net worth.
the most famous composer in the world but was utterly miserable most of the time, and of the reasons was because he always overspent his income.This was Mozart.If Mozart couldn't get by with this kind of asinine conduct, I don't think you should try.
When you borrow a man's car, always return it with a tank of gas.
A lot of people with high IQs are terrible investors because they've got terrible temperaments.
The big money is not in buying or selling, but in the waiting.
An intelligent investing is value investing, acquiring more than you are paying for.
A great business at a fair price is superior to a fair business at a great price.
It's waiting that helps you as an investor and a lot of people just can't stand to wait.If you didn't get the deferred -gratification gene, you've got to work very hard to overcome that.
Live within your income and save so you can invest.Learn what you need to learn.
We have three baskets for investing: yes, no, and too tough to understand.
We have a passion for keeping things simple.
We recognized early on that smart people do very dumb things, and we wanted to know why and who, so that we could avoid them.
Acknowledging what you don't know is the dawning of wisdom.
No man is fit to hold office who isn't perfectly willing to leave it at any time...
Those of us who have been fortunate have a duty to give back.Whether one gives a lot as one goes along as I do, or a little and then a lot (when one dies) as Warren does, is a matter of personal preference.
People should take away less than they're worth when they are favored by life...I would argue that when you rise high enough in American Business you've got a moral duty to be underpaid.
Generally speaking, envy, resentment, and self-pity are disastrous modes of thoughts.Self-pity gets fairly close to paranoia, and paranoia is one of the very hardest things to reverse.