Warren Buffett: First finish

“The fundamental principle of auto racing is that to finish first, you must first finish. That dictum is equally applicable to business and guides our every action at Berkshire.”

—Warren Buffett. 

Advertisements

Warren Buffett: Dynamite

“I think it’s almost impossible…to do well in equities over a period of time if you go to bed every night thinking about the price of them. I mean, Charlie and I, we think about the value of them… Focusing on the price of a stock is dynamite, because it really means that you think that the stock market knows more than you do…. The stock market is there to serve you and not to instruct you.”

—Warren Buffett. 

Warren Buffett: Jack Bogle

“If a statue is ever erected to honor the person who has done the most for American investors, the handsdown choice should be Jack Bogle…. In his early years, Jack was frequently mocked by the investment-management industry. Today, however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me.”

—Warren Buffett. 

Warren Buffett: Be lovable

“The only way to be loved is to be lovable…. But the nice thing about it, of course, is that…you always get back more than you give. I don’t know whether it was Oscar Hammerstein or who said,… ‘A bell’s not a bell till you ring it, a song’s not a song till you sing it. Love in the heart isn’t put there to stay. Love isn’t love till you give it away.’ And basically you’ll always get back more than you give away. And if you don’t give any, you don’t get any. It’s very simple.”

—Warren Buffett. 

Warren Buffett: Looking a long way into the future

“We don’t buy hula-hoop companies or pet rock companies, and we don’t buy companies in industries that we think will have great explosions in demand, but where we don’t know who the winners will be. So we…like to think we’re looking a long way into the future.”

—Warren Buffett.