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A very rich person should leave his kids enough to do anything, but not enough to do nothing.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Person
Nothing
Buffets
Enough
Investing
Children
Leave
Rich
Kids
Anything
Persons

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If you buy the things you don't need, you will soon be selling the things that you need.
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The secret to happiness is having low expectations.
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Time is your friend, impulse is your enemy. Take advantage of compound interest and don't be captivated by the siren song of the market.
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I've often felt there might be more to be gained by studying business failures than business successes.
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It is to our advantage to have securities do nothing price-wise for months, or perhaps years, while we are buying them.
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You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.
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When you get to my age, you’ll measure your success in life by how many of the people you want to have love you actually do love you. That’s the ultimate test of how you’ve lived your life.
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Basically, the single-most important decision in evaluating a business is pricing power.
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Inactivity strikes us as intelligent behavior.
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With enough insider information and a million dollars, you can go broke in a year.
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If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.
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Benign neglect, bordering on sloth, remains the hallmark of our investment process.
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The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
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As of 1992, in fact-though the picture would have improved since then-the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero.
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When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it's the reputation of the business that remains intact.
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The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.
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Beware of geeks bearing formulas.
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At age 19, I read a book [The Intelligent Investor] and what I'm doing today, at age 76, is running things through the same thought process I learned from the book I read at 19.
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The best investment you can make is in yourself.
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So some guy may know how to make money in cocoa beans, but I don't so I just let him have that. But it's got to be something I understand. It's got to be a business with fundamentally good economics. It's got to be a management that I like and trust and admire. And it's got to be a price that makes sense.
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