- It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
- If a business does well, the stock eventually follows.
- Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
- Only when the tide goes out do you discover who’s been swimming naked.
- Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
- We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
- You only have to do a very few things right in your life so long as you don’t do too many things wrong.
- Price is what you pay. Value is what you get.
This entry was posted on Friday, February 19th, 2010 at 2:31 pm and is filed under Thoughts. You can follow any responses to this entry through the RSS 2.0 feed. RSS 2.0. You can leave a response, or trackback from your own site.
April 12th, 2010 at 2:36 pm
Can anyone please explain to me what do Warren Buffett mean by this quotation? Especially on this sentence ANYTHING TIMES ZERO IS ZERO?
“Leverage,” he said,“is the only way a smart guy can go broke … You do smart things, you eventually get very rich. If you do smart things and use leverage and you do one wrong thing along the way, it could wipe you out, because anything times zero is zero. But it’s reinforcing when the people around you are doing it successfully, you’re doing it successfully, and it’s a lot like Cinderella at the ball. The guys look better all the time, the music sounds better, it’s more and more fun, you think,‘Why the hell should I leave at a quarter to 12? I’ll leave at two minutes to 12.’ But the trouble is, there are no clocks on the wall. And everybody thinks they’re going to leave at two minutes to 12.”