Honesty is a very expensive gift, Don't expect it from cheap people.
Warren BuffettStichwörter: honesty
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
Warren BuffettStichwörter: investment
When I was sixteen, I had just two things on my mind - girls and cars. I wasn't very good with girls. So I thought about cars. I thought about girls, too, but I had more luck with cars.
Let's say that when I turned sixteen, a genie had appeared to me. And that genie said, 'Warren, I'm going to give you the car of your choice. It'll be here tomorrow morning with a big bow tied on it. Brand-new. And it's all yours.'
Having heard all the genie stories, I would say, 'What's the catch?' And the genie would answer, 'There's only one catch. This is the last car you're ever going to ge tin your life. So it's got to last a lifetime.'
If that had happened, I would have picked out that car. But, can you imagine, knowing it had to last a lifetime, what I would do with it?
I would read the manual about five times. I would always keep it garaged. If there was the least little dent or scratch, I'd have it fixed right away because I wouldn't want it rusting. I would baby that car, because it would have to last a lifetime.
That's exactly the position you are in concerning your mind and body. You only get one mind and one body. And it's got to last a lifetime. Now, it's very easy to let them ride for many years. But if you don't take care of that mind and that body, they'll be a wreck forty years later, just life the car would be.
It's what you do right now, today, that determines how your mind and body will operate ten, twenty, and thirty years from now.
People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.
Warren BuffettDiversification is protection against ignorance. It makes little sense if you know what you are doing.
Warren BuffettWall Street is the only place that people drive to in a Rolls Royce to take advice from people who ride the subway.
Warren BuffettIt takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
Warren BuffettI am not a businessman, I am an artist
Warren BuffettWe need a moderately-priced stock market… The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do. For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments.
Warren BuffettStichwörter: business investing
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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