Time is the friend of the wonderful company, the enemy of the mediocre.

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

I think that actually people in my situation should be paying more tax.

Never risk what you have and need for what we don't have and don't need.

We're perfectly willing to trade away a big payoff for a certain payoff.

I wouldn’t mind going to jail if I had three cellmates who played bridge

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

There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.

I like to buy things I can understand. I do a lot of research on things.

The dumbest reason in the world to buy a stock is because it's going up.

The value of a business is the cash it's going to produce in the future.

As far as you are concerned, the stock market does not exist. Ignore it.

Investors should remember that excitement and expenses are their enemies.

Never depend on single income. Make investment to create a second source.

The most important quality for an investor is temperament, not intellect.

Possessing a powerful worldwide brand is essential for sustained success.

Too often, a vast collection of possessions ends up possessing its owner.

Don't risk what is important to you, to get what is not important to you.

First come the innovators, then come the imitators, then come the idiots.

Unless your answers are clearly better, copy the answers of your betters.

If you hit a hole in one every hole, you wouldn’t play golf for very long.

I always invest in companies an idiot could run, because one day one will.

I really like my life. I've arranged my life so that I can do what I want.

It is better to point out your own mistakes than have somebody else do it.

Good big decisions do not take time at all, if they do you are in trouble.

Sound investing can make you very wealthy if you're not in too big a hurry

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

That's the reality of what they're going to sell them to the Treasury for.

I'll bring my tax returns; you bring yours. I'll meet you anytime anywhere.

Knowing what to leave out is just as important as knowing what to focus on.

Larger sums may be an advantage at some cases and a disadvantage at others.

In business, I look for economic castles protected by unbreachable 'moats'.

Wall Street makes its money on activity. You make your money on inactivity.

This economy doesn't work well without the lubrication of credit and trust.

A Company should be viewed as an unfolding movie, not as a still photograph

We look for things I can understand. A lot of businesses I don't understand.

The reaction of weak management to weak operations is often weak accounting.

It is not necessary to do extraordinary things to get extraordinary results.

You don't want 300 million Americans putting their money under the mattress.

When bills come due, only cash is legal tender. Don't leave home without it.

Taking jobs to build up your resume is the same as saving up sex for old age.

Do not save what is left after spending, but spend what is left after saving.

It's much easier to stay out of trouble now than to get out of trouble later.

If you have a harem of 40 women, you never get to know any of them very well.

The single most important decision in evaluating a business is pricing power.

I learned to go into business only with people whom I like, trust, and admire.

It’s not that I want money. It’s the fun of making money and watching it grow.

It is madness to risk losing what you need in pursuing what you simply desire.

Every company that has an economist working for him has one employee too many.

If you buy things you do not need, soon you will have to sell things you need.

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