Warren Buffett Inspirational Quotes To Motivate You
I always knew I was going to be rich. I don’t think I ever doubted it for a minute. Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it. Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars. Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years. Only when the tide goes out do you discover who’s been swimming naked. Our favorite holding period is forever. Price is what you pay. Value is what you get. Risk comes from not knowing what you’re doing. Rule No.1 Never lose money. Rule No.2 Never forget rule No.1. Someone’s sitting in the shade today because someone planted a tree a long time ago. The investor of today does not profit from yesterday’s growth. Derivatives are financial weapons of mass destruction. Time is the friend of the wonderful company, the enemy of the mediocre. Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway. We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. I buy expensive suits. They just look cheap on me. I don’t look to jump over 7-foot bars I look around for 1-foot bars that I can step over. It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently. 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. If a business does well, the stock eventually follows. 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. It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Thoughts to Inspire Success in Your Life and Business