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

Culture, more than rule books, determines how an organization behaves.

Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.

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

Honesty is a very expensive gift, Don’t expect it from cheap people.

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

I am not a businessman, I am an artist.

I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

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

I try to buy stock in businesses that are so wonderful that an idiot can run them because sooner or later, one will.

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

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

If you’re in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%.

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

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

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.

It’s better to hang out with people better than you.

It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

It’s only when the tide goes out that you learn who has been swimming naked.

Keep all your eggs in one basket, but watch that basket closely.

Life is like a snowball. The important thing is finding wet snow and a really long hill.

Look for integrity, intelligence and energy.

Never give up searching for the job that you are passionate about.

Never invest in a business you cannot understand.

Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.

Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.

People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.

Price is what you pay. Value is what you get.

Risk comes from not knowing what you’re doing.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

Should 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.

Someone is sitting in the shade today because someone planted a tree a long time ago.

Take the job that you would take if you were independently wealthy.

Tell me who your heroes are and I’ll tell you how you’ll turn out to be.

The difference between successful people and really successful people is that really successful people say no to almost everything.

The most important investment you can make is in yourself.

The most important thing to do if you find yourself in a hole is to stop digging.

There seems to be some perverse human characteristic that likes to make easy things difficult.

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

We never want to count on the kindness of strangers in order to meet tomorrow’s obligations.

What counts for most people in investing is not how much they know, but rather how realistically they define what they don’t know.

What the wise do in the beginning, fools do in the end.

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

Writing a check separates a commitment from a conversation.

You can’t make a good deal with a bad person.

You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.

You only have to do a very few things right in your life so long as you don’t do too many things wrong.

You should focus on what’s important and knowable.

You’re dealing with a lot of silly people in the marketplace.

You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.

/ Warren Buffett

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