“Be greedy when others are fearful, and be fearful when others are greedy.”
“After all, you only find out who is swimming naked when the tide goes out.”
“Price is what you pay. Value is what you get.”
“以合理的价格投资优异的公司胜于以优异的价格投资平庸的公司。”“It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
“I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”
“You can’t make a good deal with a bad person.”
“I don't look to jump over seven-foot bars: I look around for one-foot bars that I can step over.”
“The most important thing to do if you find yourself in a hole is to stop digging.”
“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.”
“What’s nice about investing is you don’t have to swing at every pitch.The trick in investing is just to sit there and watch pitch after pitch go by and wait for the one right in your sweet spot."
“There seems to be some perverse human characteristic that likes to make easy things difficult.”
“I’m no genius, but I’m smart in spots, and I stay around those spots.”
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
“Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends."
"You only have to do a very few things right in your life so long as you don't do too many things wrong."
“You do things when the opportunities come along.”
“Someone is sitting in the shade today because someone planted a tree a long time ago.”
“Thinking like, if you would, you were the owner of the place and working like, if you would, you were the owner of the place, and pretty soon, you would be running something.”
“Predicting rain doesn't count. Building arks does.”
“I always knew I was going to be rich. I don't think I ever doubted it for a minute.”
“Marry the right person. It will change all kinds of things.”
“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.”
If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.