Warren Buffett

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 Buffett

Ignore the stock market, ignore the economy, and buy a business you understand.

Warren Buffett

In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don’t.

Warren Buffett

In the business world, the rearview mirror is always clearer than the windshield.

Warren Buffett

In the end we must have people to match our principles, not the reverse.

Warren Buffett

In the insurance business, there is no statute of limitation on stupidity.

Warren Buffett

Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices.

Warren Buffett

Investing is forgoing consumption now in order to have the ability to consume more at a later date.

Warren Buffett

Investing is laying out money now to get more money back in the future.

Warren Buffett

Investing requires qualities of temperament way more than it requires qualities of intellect.

Warren Buffett