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With enough insider information and a million dollars, you can go broke in a year.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Broke
Dollars
Million
Millions
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Insiders
Years
Investing

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If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
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Nevertheless, as circumstances presently appear, I feel substantially greater size is more likely to harm future results than to help them. This might not be true for my own personal results, but it is likely to be true for your results.
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The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.
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We would do best in a market where everyone acted foolishly.
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If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich.
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Buy stocks like you buy your groceries, not like you buy your perfume.
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Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero.
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Valuing a business is part art and part science.
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Do not take yearly results too seriously. Instead, focus on four or five-year averages.
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Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.
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If principles can become dated, they're not principles.
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My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.
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I don't like what's going on with the executive compensation.
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Cash combined with courage in a time of crisis is priceless.
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What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have opponents who have been taught that thinking is a waste of energy?
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Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.
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To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. You must supply the emotional discipline.
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Investing is the greatest business in the world because you never have to swing. You stand at the plate the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity. All day you wait for the pitch you like then, when the fielders are asleep, you step up and hit it.
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Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis.
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Investment ideas, like women are often more exciting than punctual.
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