1 .“Rule No. 1: Never lose money. Rule No. 2: Never forget Rule
No. 1.”
2 . “You do things when
the opportunities come along. I’ve had periods in my life when I’ve had a
bundle of ideas come along, and I’ve had long dry spells. If I get an idea next
week, I’ll do something. If not, I won’t do a damn thing.”
3.“ Never invest in a
business you can’t understand.”
4 “It’s far better to buy a wonderful company at a fair price
than a fair company at a wonderful price.”
5. “Only buy something that you’d be perfectly happy to hold if
the market shut down for 10 years.”
6. “We simply attempt to be fearful when others are greedy and
to be greedy only when others are fearful.”
7. “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.”
8. “Our favorite holding period is forever.”
9. “Only when you combine sound intellect with emotional
discipline do you get rational behavior.”
10. “Without passion, you don’t have energy. Without energy, you
have nothing.”
