Warren Buffett

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.

Be fearful when others are greedy and greedy when others are fearful.

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.

Only when you combine sound intellect with emotional discipline do you get rational behavior.

I measure success by how many people love me.

In the business world, the rearview mirror is always clearer than the windshield.

We lie in the lap of immense intelligence.

Wine makes a man better pleased with himself. I do not say that it makes him more pleasing to others… This is one of the disadvantages of wine, it makes a man mistake words for thoughts.

When the eye is not set on one leaf and you face the tree with nothing in mind, any number of leaves are visible to the eye.

Few sinners are saved after the first twenty minutes of a sermon.

When you’re first figuring yourself out, you care so much about what people think of you.

Harold, like the rest of us, had many impressions which saved him the trouble of distinct ideas.

It is when I struggle to be brief that I become obscure.

As to the adjective, when in doubt strike it out.

I would rather sit on a pumpkin and have it all to myself, than be crowded on a velvet cushion.

Old age is the most unexpected of all the things that can happen to a man.

Hitch your wagon to a star. Let us not fag in paltry works which serve our pot and bag alone.

The amount of people in this world who are here to do something great far outweighs the rest.

That which we call character is a reserved force which acts directly by presence, and without means. It is conceived of as a certain undemonstrable force, a familiar or genius, by whose impulses the man is guided, but whose counsels he cannot impart.

A true friend is somebody who can make us do what we can.

The wonder is always new that any sane man can be a sailor.