I never want money that I didn’t earn.
It’s not in the dreaming, it’s in the doing.
If you work just for money, you’ll never make it, but if you love what you’re doing and you always put the customer first, success will be yours.
I found the road to wealth when I decided that a part of all I earned was mine to keep.
If you create incredible value and information for others that can change their lives – and you always stay focused on that service – the financial success will follow.
People can’t do something themselves, they want to tell you that you can’t do it. You want something? Go get it.
Investing isn’t about beating others at their game. It’s about controlling yourself at your own game.
A great company is not a great investment if you pay too much for the stock.
In the short run, the market is a voting machine, but in the long run it is a weighing machine.
The investor’s chief problem – and even his worst enemy – is likely to be himself.
Great investing requires a lot of delayed gratification.
Spend less than you make; always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer.
If you buy something because it’s undervalued, then you have to think about selling it when it approaches your calculation of its intrinsic value. That’s hard. But if you buy a few great companies, then you can sit on your ass. That’s a good thing.
Opportunity cost is a huge filter in life. If you’ve got two suitors who are really eager to have you and one is way the hell better than the other, you do not have to spend much time with the other. And that’s the way we filter out buying opportunities.
Berkshire was built on the eternal verities: basic mathematics, basic horse sense, basic fear, and basic diagnosis of human nature to make predictions regarding human behavior. We stuck to the basics with a certain amount of discipline and it has worked out quite well.
Time is your friend; impulse is your enemy.
True entrepreneurshi p comes only from risk-taking.
Our dreams have to be bigger. Our ambitions higher. Our commitment deeper. And our efforts greater. This is my dream for Reliance and for India.
Find a need and fill it.
Every once in a while you must go to cash, take a break, take a vacation. Don’t try to play the market all the time. It can’t be done, too tough on the emotions.