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A diamond cannot be polished without friction, nor a person perfected without trials. Someone is enjoying shade today because someone planted a tree a long time ago.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Long
Tree
Perfected
Time
Enjoy
Friction
Cannot
Planted
Someone
Polished
Today
Enjoying
Persons
Diamond
Person
Shade
Without
Trials

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If at first you do succeed, quit trying on investing.
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I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.
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You can't produce a baby in one month by getting nine women pregnant.
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I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain.
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Take Wrigley's Chewing Gum. I don't think the Internet is going to change how people chew gum.
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Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.
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Other guys read Playboy. I read annual reports.
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It's better to build than to buy if you can find the right people.
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It is more important to say no to an opportunity, than to say yes.
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If you have a harem of 40 women, you never get to know any of them very well.
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It's the deleveraging that's going on right now that has caused the credit crisis.
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It's just that right now the athlete's on the floor. But we - this is a super athlete.
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