With others, are likely to experience such a year.
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
The only time to buy these is on a day with no 'y' in it.
Many shall be restored that now are fallen and many shall fall that are now in honor.
Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.
(Don’t ask the barber whether you need a haircut.)
Derivatives are financial weapons of mass destruction.
Never give up searching for the job that you are passionate about
But then it dawned on me that the opinion of someone who is always wrong has its own special utility to decision-makers.
(Thomas J. Watson Sr. of IBM followed the same rule: “I’m no genius,” he said. “I’m smart in spots—but I stay around those spots.”)
Do not save what is left after spending; instead spend what is left after saving.
If your employees, including your CEO, wish to give to their alma maters or other institutions to which they feel a personal attachment, we believe they should use their own money, not yours.
Naming the plane has not been easy. I initially suggested ‘The Charles T. Munger.’ Charlie countered with ‘The Aberration.’ We finally settled on ‘The Indefensible.
Stocks of companies selling commodity-like products should come with a warning label: “Competition may prove hazardous to human wealth.
If you buy things you do not need, soon you will have to sell things you need.
Having firstrate people on the team is more important than designing hierarchies and clarifying who reports to whom
Calling someone who trades actively in the market an investor “is like calling someone who repeatedly engages in one-night stands a romantic.
As happens in Wall Street all too often, what the wise do in the beginning, fools do in the end.
...not doing what we love in the name of greed is very poor management of our lives.
I try to invest in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.