The most important thing to do if you find yourself in a hole is to stop digging.
Warren BuffettTag: advice-for-daily-living financial-advice
If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.
Warren BuffettTag: poker-patsy
Be Fearful When Others Are Greedy and Greedy When Others Are Fearful
Warren BuffettTag: fear greed investment-advice
Someone's sitting in the shade today because someone planted a tree a long time ago.
Warren BuffettTag: planning
It's only when the tide goes out that you learn who's been swimming naked.
Warren BuffettShould you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
Warren BuffettTag: boats warren-buffet
Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without [integrity], you really want them to be dumb and lazy.
Warren BuffettTag: morality integrity employees
You never know who's swimming naked until the tide goes out.
Warren BuffettTag: financial
Life is like a snowball. The important thing is finding wet snow and a really long hill.
Warren BuffettI won't close down a business of subnormal profitability merely to add a fraction of a point to our corporate returns. I also feel it inappropriate for even an exceptionally profitable company to fund an operation once it appears to have unending losses in prospect. Adam Smith would disagree with my first proposition and Karl Marx would disagree with my second; the middle ground is the only position that leaves me comfortable.
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