Quotes by Warren Buffett

“Our favourite holding period is forever.”

“Risk comes from not knowing what youre doing.”

“There seems to be some perverse human characteristic that likes to make easy things difficult.”

“I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.”

“I always knew I was going to be rich. I dont think I ever doubted it for a minute.”

“The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.”

“I dont look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.”

“You only have to do a very few things right in your life so long as you dont do too many things wrong.”

“A public-opinion poll is no substitute for thought.”

“If past history was all there was to the game, the richest people would be librarians”

“When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.”

“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.”

“Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.”

“You do things when the opportunities come along. Ive had periods in my life when Ive had a bundle of ideas come along, and Ive had long dry spells. If I get an idea next week, Ill do something. If not, I wont do a damn thing.”

“The first rule is not to lose. The second rule is not to forget the first rule.”

“Two rules:1. Preserve the principal2. When in doubt see Rule #1”

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, youll do things differently.”

“Risk is a part of Gods game, alike for men and nations.”

“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks”

“We believe that according the name investors to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a romantic”