Quotes by Warren Buffett

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

“ It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age. ”

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

“ When you combine ignorance and leverage, you get some pretty interesting results. ”

“ I always knew I was going to be rich. I don't think I ever doubted it for a minute. ”

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

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

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

“ You can't produce a baby in one month by getting nine women pregnant. ”

“ You never know who's swimming naked until the tide goes out. ”

“ You only have to do a very few things right in your life so long as you don't do too many things wrong. ”

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

“ 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. ”

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

“ It takes 20 years to build a reputation and five minuted to ruin it. If you think about that you'll do things differently. ”

“ There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning. ”

“ 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. ”

“ There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age? ”

“ No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant. ”

“ The difference between successful people and really successful people is that really successful people say no to almost everything. ”

“ Risk comes from not knowing what you're doing ”

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

“ If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent. ”

“ Be Fearful When Others Are Greedy and Greedy When Others Are Fearful. ”

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

“ 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. ”

“ Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without [integrity], you really want them to be dumb and lazy. ”

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

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