Warren Buffett

Our favorite holding period is forever.

I really like to think of myself as an artist, and my canvas is Berkshire Hathaway.

It's not that I'm so smart, it's just that I stay with problems longer.

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

I tell students, 'Go to bed smarter than when you woke up.'

Look for three things in a person: intelligence, energy, and integrity. If they don't have the last one, don't even bother with the first two.

I'm a little bit like a kid in a candy store.

Derivatives are financial weapons of mass destruction.

I don't measure my life by how much money I've made. I measure my life by how many people I've helped.

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

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

I would say that Charlie [Munger] and I have a great partnership. We're like a couple of old guys in a bar, just talking about what's going on in the world.

Never invest in a business you cannot understand.

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

The best thing I did was to choose the right people.

You can't buy time. You can't buy love. You can't buy health. You can't buy happiness.

I'm not interested in cars or boats or anything like that. I'm interested in buying businesses.

You do things when opportunities come along. I've had periods in my life when I've had a bundle of them come along, and I've had long dry spells.

It's a huge mistake to think that you can go into a business and just do things the same way as everybody else and then expect to get a different result.