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Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Rich
Slowly
Easy
Saving
Wells
Biggest
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Early
Trying
Habit
Think
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Quick
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Habits

More quotes by Warren Buffett

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While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.
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What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.
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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. I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it.
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There is no staff. I make all the investment decisions and I do all my own analysis.
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But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.
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First come the innovators, then come the imitators, then come the idiots.
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I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
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I know what I want to do and it makes sense to get going.
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We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.
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Well, it may be all right in practice, but it will never work in theory
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I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say.
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Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.
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If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.
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Does the business have a consistent operating history?
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Gold has two significant shortcomings, being neither of much use nor procreative.
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If a business does well, the stock eventually follows.
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If knowing history made you rich, librarians would be billionaires.
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Buy into a company because you want to own it, not because you want the stock to go up.
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We don't get paid for being busy, we get paid for being right.
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Let blockheads read what blockheads wrote.
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