If you don't know jewelry, know the jeweler. Warren Buffett More Quotes by Warren Buffett More Quotes From Warren Buffett Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway. Warren Buffett investing-money wall people Never be afraid to ask for too much when selling or offer too little when buying. Warren Buffett too-much buying littles Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down. Warren Buffett investing-money quality talking If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless. Warren Buffett ruthless reputation forgiving I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over. Warren Buffett business inspirational war I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. Warren Buffett generosity life thinking I've learned mainly by reading myself. So I don't think I have any original ideas. Certainly, I talk about reading Graham. I've read Phil Fisher. So I've gotten a lot of my ideas from reading. You can learn a lot from other people. In fact, I think if you learn basically from other people, you don't have to get too many new ideas on your own. You can just apply the best of what you see. Warren Buffett reading ideas thinking You can't make a good deal with a bad person. Warren Buffett buffets generosity life We don't get paid for being busy, we get paid for being right. Warren Buffett being-busy paid busy Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones. Warren Buffett dumb decision long The most important investment you can make is in yourself. Very few people get anything like their potential horsepower translated into the actual horsepower of their output in life. Potential exceeds realization for many people...The best asset is your own self. You can become to an enormous degree the person you want to be. Warren Buffett important self people The rich invest in time, the poor invest in money. Warren Buffett investing words-of-wisdom business Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices Warren Buffett two needs thinking Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong. Warren Buffett risk knowing long Time is the friend of the wonderful business. It's the enemy of the lousy business. If you're in a lousy business for a long time, you're going to get a lousy result, even if you buy it cheap. If you're in a wonderful business for a long time, even if you pay a little too much going in, you're going to get a wonderful result if you stay in a long time. Warren Buffett time long enemy It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. Warren Buffett investing-money business war 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. Warren Buffett dollars money business Honesty is a very expensive gift, Don't expect it from cheap people. Warren Buffett honesty inspirational life Do not put all your eggs in one basket. Warren Buffett investment-success eggs easter Ignore the stock market, ignore the economy, and buy a business you understand. Warren Buffett economy
