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You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Right
Life
Advise
Heroes
Extent
Pick
Picks
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Lucky

More quotes by Warren Buffett

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My wealth has come from a combination of living in America, some lucky genes, and compound interest.
Warren Buffett
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One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as 'marketability' and 'liquidity,' sing the praises of companies with high share turnover... but investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pick pocket of enterprise.
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My father was the best person i've ever known.
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I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.
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The most common cause of low prices is pessimism - sometimes pervasive, sometimes 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.
Warren Buffett
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A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well
Warren Buffett
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A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.
Warren Buffett
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The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.
Warren Buffett
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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Warren Buffett
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That's the reality of what they're going to sell them to the Treasury for.
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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.
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Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.
Warren Buffett
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It's us fun being a horse when the tractor comes along, or the blacksmith when the car comes along.
Warren Buffett
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Just imagine living on 21,000 a year. I mean you have 20 percent of the population doing that. So you don't have to worry about guys like me.
Warren Buffett
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Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
Warren Buffett
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Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
Warren Buffett
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The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time.
Warren Buffett
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I'm happy when I can spend every day doing the things that I like to do. That's my luxury.
Warren Buffett
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A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.
Warren Buffett
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If you are a professional and have confidence, then I would advocate lots of concentration.
Warren Buffett