Our leaders have asked for ‘shared sacrifice.’ But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.
In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard.
Other guys read Playboy. I read annual reports.
Derivatives are financial weapons of mass destruction.
Never be afraid to ask for too much when selling or offer too little when buying.
When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.
It is better to point out your own mistakes than have somebody else do it.
It is more important to say “no” to an opportunity, than to say “yes”.
Intensity is the price of excellence.
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
The rich are always going to say that, you know, just give us more money and we’ll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
Do what you would do for free. Having passion for what you do is the most important thing.
The one piece of advice I can give you is, do what turns you on. Do something that if you had all the money in the world, you’d still be doing it. You’ve got to have a reason to jump out of bed in the morning.
Activity is the enemy of investment returns.
Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.
We believe that according the name ‘investors’ to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a ‘romantic.’
Stop trying to predict the direction of the stock market, the economy or elections.
When it’s raining gold, reach for a bucket, not a thimble.