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...I will give you two pieces of advice. Invest as much in yourself as you can you are your own best asset by far. Then follow your passion you want to be really excited to get out of bed every morning.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Really
Passion
Asset
Morning
Invest
Two
Assets
Give
Bed
Best
Excited
Giving
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More quotes by Warren Buffett
I want to be able to explain my mistakes. This means I do only the things I completely understand.
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Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.
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We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.
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When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience.
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I look for businesses in which I think I can predict what they're going to look like in ten to fifteen years time. Take Wrigley's chewing gum. I don't think the internet is going to change how people chew gum.
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Our future rates of gain will fall far short of those achieved in the past. Berkshire's capital base is now simply too large to allow us to earn truly outsized returns. If you believe otherwise, you should consider a career in sales but avoid one in mathematics.
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Making money isn't the backbone of our guiding purpose making money is the by-product of our guiding purpose. If you're doing something you love, you're more likely to put your all into it, and that generally equates to making money
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Activity is the enemy of investment returns.
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You only have to do a very few things right in your life so long as you don't do too many things wrong.
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Never invest in a business you don't understand.
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