"Buy a stock the way you would buy a house. Understand and like it such that you'd be content to own it in the absence of any market."
-- Warren Buffett"I insist on a lot of time being spent, almost every day, to just sit and think."
-- Warren Buffett"What counts for most people in investing is not how much they know, but rather how realistically they define what they don't know."
-- Warren Buffett"If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes."
-- Warren Buffett"The three most important words in investing are margin of safety."
-- Warren Buffett"Be fearful when others are greedy and greedy only when others are fearful."
-- Warren Buffett"The business world is full of people who think they are smarter than they really are."
-- Warren Buffett"Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years."
-- Warren Buffett"We don't have to be smarter than the rest. We have to be more disciplined than the rest."
-- Warren Buffett"Never invest in a business you cannot understand."
-- Warren Buffett"I buy on the assumption that they could close the market the next day and not reopen it for five years."
-- Warren Buffett"Turn market fluctuations into your friend rather than your enemy."
-- Warren Buffett"An investor should act as though he had a lifetime decision card with just twenty punches on it."
-- Warren Buffett"Interest rates are to asset prices what gravity is to the apple."
-- Warren Buffett"Tell me who your heroes are and I’ll tell you who you’ll turn out to be."
-- Warren Buffett"I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will."
-- Warren Buffett"The best chance to deploy capital is when things are going down."
-- Warren Buffett"I’ve seen more people fail because of liquor and leverage—leverage being borrowed money."
-- Warren Buffett"You do things when the opportunities come along."
-- Warren Buffett"The most important quality for an investor is temperament, not intellect."
-- Warren Buffett"What the wise do in the beginning, fools do in the end."
-- Warren Buffett"In a commodity-type business, you’re only as smart as your dumbest competitor."
-- Warren Buffett"The investor of today does not profit from yesterday's growth."
-- Warren Buffett"Keep things simple and don't swing for the fences. When promised quick profits, respond with a quick 'no'."
-- Warren Buffett