The Wisdom of Warren Buffett

Written by Do I Editorial

* Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
* I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
* Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
* Risk comes from not knowing what you’re doing.
* Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
* There seems to be some perverse human characteristic that likes to make easy things difficult.
* You only have to do a very few things right in your life so long as you don’t do too many things wrong.
* It is better to hang out with people better than you … you’ll drift in that direction
* I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
* Try to be fearful when others are greedy and to be greedy only when others are fearful.
* Do not save what is left after spending, but spend what is left after saving.
* It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
* Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.
* I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

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