We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely. Warren Buffett More Quotes by Warren Buffett More Quotes From Warren Buffett The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on. Warren Buffett catching-on money hope The smartest side to take in a bidding war is the losing side. Warren Buffett bidding sides war Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it's the lack of change that appeals to me. I don't think it is going to be hurt by the Internet. That's the kind of business I like. Warren Buffett business hurt thinking Of one thing be certain: if a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will come up with whatever projections are needed to justify his stance. Only in fairy tales are emperors told that they are naked. Warren Buffett acquisition fairy-tale naked I don't have my diploma from the University of Nebraska hanging on my office wall, and I don't have my diploma from Columbia up there either-but I do have my Dale Carnegie graduation certificate proudly displayed. Warren Buffett nebraska wall office You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ. Warren Buffett investment-success business games You can be sure that over the next 10 years, you'll see something that you did not think was possible. Warren Buffett investing years thinking 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. Warren Buffett business reading success Well, one time some attractive woman sat next to Charlie and asked him what he owed his success to, and, unfortunately, she insisted on a one word answer. He had a speech prepared that would have gone on for several hours. But when forced to boil it down to one word, he said that was "rational". You know, he comes equipped for rationality, and he applies it in business. He doesn't always apply it elsewhere, but he applies it in business and that has made him a huge business success. Warren Buffett business-success next gone The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table. Warren Buffett investing-money business tables Gold has two significant shortcomings, being neither of much use nor procreative. Warren Buffett money gold two The truth is, everything that has happened in my life... that I thought was a crushing event at the time, has turned out for the better. Warren Buffett truth-is crush events If you invested in a very low cost index fund - where you don't put the money in at one time, but average in over 10 years -you'll do better than 90% of people who start investing at the same time. Warren Buffett average people years I never try to predict the market. Warren Buffett trying Be brave when others are afraid, and afraid when others are brave. Warren Buffett be-brave brave Never give up searching for the job that you're passionate about. Warren Buffett doing-what-you-love giving-up jobs If you gave me the choice of being CEO of General Electric or IBM or General Motors, you name it, or delivering papers, I would deliver papers. I would. I enjoyed doing that. I can think about what I want to think. I don't have to do anything I don't want to do. Warren Buffett choices names thinking A stock doesn't know that you own it. Warren Buffett knows What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it. Warren Buffett important want forget We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist. Warren Buffett macro events made
