The Stock Market is designed to transfer money from the Active to the Patient.

If you're in a card game and you can't figure out who the patsy is, you're it.

Stocks are the only thing that people are happy to buy when the price goes up.

If book knowledge made great investors, than the librarians would all be rich.

I made my first investment at age eleven. I was wasting my life up until then.

The first rule is not to lose. The second rule is not to forget the first rule.

Be fearful when the markets get greedy, be greedy when the markets get fearful.

Inflation could be a very - is a likely consequence out of what's going on now.

Learning how to live is much more important than learning how to make a living.

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

Chains of habit are too light to be felt until they are too heavy to be broken.

It is impossible to unsign a contract, so do all your thinking before you sign.

Our approach is very much profiting from lack of change rather than from change.

The thing to do is to keep your mind when the world around you is losing theirs.

Money is not everything. Make sure you earn a lot before speaking such nonsense.

We don't read other people's opinions. We want to get the facts, and then think.

Invest in as much of yourself as you can, you are your own biggest asset by far.

I know the country works extremely well. You know, but when it isn't clogged up.

I don't think you can have a better secretary of the Treasury than Hank Paulson.

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

Never be afraid to ask for too much when selling or offer too little when buying.

If I subscribed to the efficient market theory I would still be delivering papers

Gold has two significant shortcomings, being neither of much use nor procreative.

They [Goverment] take from the woman who comes in and takes the wastebaskets out.

When you combine ignorance and leverage, you get some pretty interesting results.

What we really want to do is buy businesses that we would be happy to own forever.

It's the deleveraging that's going on right now that has caused the credit crisis.

If you want to soar like an eagle in life, you can't be flocking with the turkeys.

My friends and I have been coddled long enough by a billionaire-friendly Congress.

With enough insider information and a million dollars, you can go broke in a year.

Lethargy, bordering on sloth should remain the cornerstone of an investment style.

Benign neglect, bordering on sloth, remains the hallmark of our investment process.

In a commodity business, it's very hard to be smarter than your dumbest competitor.

Stop trying to predict the direction of the stock market, the economy or elections.

Earnings can be pliable as putty when a charlatan heads the company reporting them.

If you don't find a way to make money while you sleep, you will work until you die.

I always knew I was going to be rich. I don't think I ever doubted it for a minute.

You do not adequately protect yourself by being half awake when other are sleeping.

There is nothing like writing to force you to think and get your thoughts straight.

Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.

The greater the potential for reward in the value portfolio, the less risk there is.

There is no staff. I make all the investment decisions and I do all my own analysis.

The most dangerous distractions are the ones you love, but that don’t love you back.

You know, with your money and my brains, I mean, there's no telling how far we'd go.

If I got a chance to take one percent of the deal either way, I would make that bet.

Bull markets and Bear markets can obscure mathematical laws, they cannot repeal them.

We will reject interesting opportunities rather than over-leverage our balance sheet.

Don't invest in pieces of papers (stocks), invest in great businesses underlying them

... not doing what we love in the name of greed is very poor management of our lives.

If horses had controlled investment decisions, there would have been no auto industry.

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