“Rule No.1 is never lose money. Rule No.2 is never forget rule number one.”
“Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.”
“All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.”
“Look at market fluctuations as your friend rather than your enemy. Profit from folly rather than participate in it.”
“If, when making a stock investment, you’re not considering holding it at least ten years, don’t waste more than ten minutes considering it.”
Price is what you pay. Value is what you get.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Risk comes from not knowing what you’re doing.
Someone’s sitting in the shade today because someone planted a tree a long time ago.
You only have to do a very few things right in your life so long as you don’t do too many things wrong.
It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.
Our favorite holding period is forever.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.