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When they get their ego involved, people do things they shouldn't do.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Things
People
Ego
Investing
Shouldn
Involved
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The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
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Turnarounds seldom turn.
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When we went crazy, and we did go crazy on residential real estate, it set things in motion that just - the dominoes started toppling.
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The secret to happiness is having low expectations.
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Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.
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Don't risk what is important to you, to get what is not important to you.
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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 like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.
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A home is one of the most important assets that most people will ever buy. Homes are also where memories are made and you want to work with someone you can trust.
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The best education you can get is investing in yourself, and that doesn't mean college or university.
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With housing it's something even more dramatic than that, because most people aspire to own their own home.If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year.That's not true of an Internet stock. But it's true of a home.
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I think confidence will come back.
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The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.
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We all make mistakes. If you can't make mistakes, you can't make decisions. I've made a lot bigger mistakes myself.
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Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.
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Never risk what you have and need for what we don't have and don't need.
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I think that trying to invest through 535 people is a tough job, you know, and so I would give more latitude.
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We've got all the ingredients for a sensational future.
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