Warren Buffett has spent decades building wealth through patience, discipline, and clear thinking. But his most enduring investments may be these insights into character, time, and decision-making.
Rule number one: never lose money. Rule number two: never forget rule number one.
Someone is sitting in the shade today because someone planted a tree a long time ago.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
I insist on a lot of time being spent, almost every day, to just sit and think.
It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.
The difference between successful people and really successful people is that really successful people say no to almost everything.
If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes.
Chains of habit are too light to be felt until they are too heavy to be broken.
You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.