To earn more, you must learn more.
If you make a sale, you can make a living. If you make an investment of time and good service in a customer, you can make a fortune.
Results are the name of the game...
Follow your passion. Do what you love, and the money will follow. Most people don’t believe it, but it’s true.
Everything is based on a simple rule: Quality is the best business plan, period.
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.