I’d rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.
Always invest for the long term.
My wealth has come from a combination of living in America, some lucky genes, and compound interest.
We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.
Investing is simple, but not easy.
Equities will do well over time – you just have to avoid getting excited when other people are getting excited.
Never depend on a single income. Make investments to create a second source.
In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.
Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we’re trying to do. It’s imperfect, but that’s what it’s all about.
If you cannot control your emotions, you cannot control your money.
Time is your friend, impulse is your enemy. Take advantage of compound interest and don’t be captivated by the siren song of the market.
Too many people spend money they haven’t earned to buy things they don’t want to impress people they don’t like.
The way to make money in the stock market is to buy a stock. Then, when it goes up, sell it. If it’s not going to go up, don’t buy it!
Money and success don’t change people; they merely amplify what is already there.
People say money ain’t nothing; money is basically everything.
Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.
To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.
The money you have gives you freedom; the money you pursue enslaves you.
You either make sense or you make money.
Don’t stay in bed, unless you can make money in bed.