Why should I know Warren Buffett?

“Be greedy when others are fearful, and fearful when others are greedy.”

“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.”

“Do not save what is left after spending; instead spend what is left after saving.”

“Every saint has a past. Every sinner has a future.”

“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”

“Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard.”

“Honesty is a very expensive gift. Don’t expect it from cheap people.”

“I believe in giving my kids enough so they can do anything, but not so much that they can do nothing.”

“I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.”

“I skip to work.”

“If past history was all that is needed to play the game of money, the richest people would be librarians.”

“If you buy things you do not need, soon you will have to sell things you need.”

“If you don't find a way to make money while you sleep, you will work until you die.”

“If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.”

“In the business world, the rearview mirror is always clearer than the windshield.”

“In the world of business, the people who are most successful are those who are doing what they love.”

“It is better to be approximately right than precisely wrong.”

“It is not necessary to do extraordinary things to get extraordinary results.”

“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 pretty easy to get well-to-do slowly. But it's not easy to get rich quick.”

“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.”

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

“My favorite holding period is forever.”

“Never ask a barber if you need a haircut.”

“Never test the depth of a river with both feet.”

“Not doing what we love in the name of greed is very poor management of our lives.”

“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”

“People will always try to stop you from doing the right thing if it is unconventional.”

“Predicting rain doesn't count. Building arks does.”

“Price is what you pay. Value is what you get.”

“Risk comes from not knowing what you are doing.”

“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.”

“Someone’s sitting in the shade today because someone planted a tree a long time ago.”

“Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.”

“The most important investment you can make is in yourself.”

“The most important thing to do if you find yourself in a hole is to stop digging.”

“The nice thing about investing in stocks is that, over time, equities are going to do well. American business is going to do well. America is going to do well. So you have the tide with you.”

“The stock market is a financial redistribution system. It takes money away from those who have no patience and gives it to those who have.”

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

“Wall Street is the place people drive to in their Rolls Royce to take advice from people who ride the subway.”

“What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.”

“What the wise do in the beginning, fools do in the end.”

“What we learn from history is that people don’t learn from history.”

“Wide diversification is used only by investors who don’t know what they are doing.”

“Writing a check separates a commitment from a conversation.”

“You don’t pinpoint things. If somebody walks in this door and they weigh between 300 and 350 pounds, I don’t need to say they weigh 327 to say that they’re fat.”

“You know… you keep doing the same things and you keep getting the same result over and over again.”

“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 should do the job you love whether or not you are getting paid for it. Do the job you love. Know that the money will follow.”

“You’d be making a terrible mistake if you stay out of a game you think is going to be very good over time because you think you can pick a better time to enter.”

“You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.”