Warren Buffett

Our favorite holding period is forever.

Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.

I always knew I was going to be rich. I don’t think I ever doubted it for a minute.

I’ve seen more people fail because of liquor and leverage – leverage being borrowed money. You really don’t need leverage in this world much. If you’re smart, you’re going to make a lot of money without borrowing.

The most important investment you can make is in yourself.

It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about that, you’ll do things differently.

Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.

Our favorite holding period is forever.

There are two times in a man’s life when he should not speculate: when he can’t afford it, and when he can.

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.

It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.

October: This is one of the particularly dangerous months to invest in stocks. Other dangerous months are July, January, September, April, November, May, March, June, December, August and February.

It makes more sense to buy a wonderful business at a fair price than it does to buy a fair business at a wonderful price.

Never invest in a business you can’t understand.

The rich invest in time, the poor invest in money.