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With Each Investment You Make, You Should Have The Courage And The Conviction To Place At Least Ten Per Cent Of Your Net Worth In That Stock
-Warren Buffett
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With Each Investment You

Warren Buffett
...
With Each Investment You Make, You Should Have The Courage And The Conviction To Place At Least Ten Per Cent Of Your Net Worth In That Stock

Understanding the Quote: "with each investment you make, you should have the courage and the..."

This quote by Warren Buffett reflects deeply on the theme of should have. It connects to the universal human journey of purpose, motivation, and reflection. Often categorized under Should Have, Investment, Conviction, the quote offers insight, emotional clarity, and intellectual inspiration to readers worldwide.

Whether you’re a student exploring new ideas, a leader trying to motivate your team, or someone seeking direction in life — this quote provides value. It resonates because it’s more than words — it’s a bridge between experience and wisdom. It shows how Warren Buffett interprets life's core challenges and triumphs.

Lessons From the Quote

This quote teaches resilience and focus. It reminds readers that no matter where they stand in life, reflection and self-awareness lead to growth. Each word has meaning, and when studied, it becomes clear how impactful thoughtful language can be.

About Warren Buffett

Warren Buffett is celebrated for insightful thoughts on should have and investment. Their legacy lives on through writings that guide, comfort, and inspire. Discover more on their profile page.

Actionable Takeaways

  • Reflect on how this quote applies to your current life path.
  • Share the message with someone who needs inspiration.
  • Write your thoughts on this quote in a journal or blog post.
  • Use it as a daily affirmation or reminder.

Closing Thoughts

Quotes like this endure because they capture universal truths. They comfort us in solitude and empower us in groups. Carry this quote forward — live by its wisdom, share its message, and keep its essence alive.

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Topic
Should Have
Investment
Conviction
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If We Start Deciding, Based On Guesses Or Emotions, Whether We Will Or Won't Participate In A Business Where We Should Have Some Long Run Edge, We're In Trouble.
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You’d Get Very Rich If You Thought Of Yourself As Having A Card With Only Twenty Punches In A Lifetime, And Every Financial Decision Used Up One Punch. You’d Resist The Temptation To Dabble. You’d Make More Good Decisions And You’d Make More Big Decisions.
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It Is Madness To Risk Losing What You Need In Pursuing What You Simply Desire.
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What You Really Want To Do In Investments Is Figure Out What's Important And Knowable. If It's Unimportant Or Unknowable You Forget About It.
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Is Management Candid With The Shareholders?
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Don't Pass Up Something That's Attractive Today Because You Think You Will Find Something Way More Attractive Tomorrow.
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The Key To Investing Is Not Assessing How Much An Industry Is Going To Affect Society, Or How Much It Will Grow, But Rather Determining The Competitive Advantage Of Any Given Company And, Above All, The Durability Of That Advantage.
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Lethargy Bordering On Sloth Remains The Cornerstone Of Our Investment Style. The Exception Was Wells Fargo, A Superbly-managed, High-return Banking Operation In Which We Increased Our Ownership To Just Under 10%, The Most We Can Own Without The Approval Of The Federal Reserve Board.
Sloth
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Either They're Trying To Con You Or They're Trying To Con Themselves.
Trying
The Typical Large Company Has A Compensation Committee, They Don't Look For Dobermans On That Committee, They Look For Chihuahuas.
Typical
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I Think What People Understand There Probably - Well, They Were Hoping The Private Sector Would Do It [rescuing Aig ].
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Risk Comes From Not Knowing What You Are Doing So Wide Diversification Is Only Required When Investors Are Ignorant. You Only Have To Do A Very Few Things In Your Life So Long As You Don't Do Too Many Things Wrong.
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Too Often, Executive Compensation In The U.s. Is Ridiculously Out Of Line With Performance. That Won't Change, Moreover, Because The Deck Is Stacked Against Investors When It Comes To The Ceo's Pay.
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We Set No Volume Goals In Our Insurance Business Generally-and Certainly Not In Reinsurance-as Virtually Any Volume Can Be Achieved If Profitability Standards Are Ignored.
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Paradoxically, When 'dumb' Money Acknowledges Its Limitations, It Ceases To Be Dumb.
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Equities Will Do Well Over Time - You Just Have To Avoid Getting Excited When Other People Are Getting Excited.
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When You're Associating With The People That You Love, Doing What You Love, It Doesn't Get Any Better Than That.
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It's Very Important That The Determination Of The Us Congress To Do What Is Is Needed Be Made Evident This Week And By The Actions Of Most Of The Members. I Mean, You're Not Going To Get Total Assent.
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Important
What Motivates Most Gold Purchasers Is Their Belief That The Ranks Of The Fearful Will Grow ... As 'bandwagon' Investors Join Any Party, They Create Their Own Truth - For A While.
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There Is No Perfect Mathematical Formula For Pricing A Business.
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A Market Downturn, Doesn't Bother Us. For Us And Our Long Term Investors, It Is An Opportunity To Increase Our Ownership Of Great Companies With Great Management At Good Prices. Only For Short Term Investors And Market Timers Is A Correction Not An Opportunity.
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I Bought My First Stock In 1942, In The Summer Of '42. I Was 11 Years Old. And So 75 Years Have Gone By. And I Have Never Known What The Market's Going To Do The Next Day. And That's Not My Game. My Game Is To Decide Whether I'm In The Right Economy, Which America's Definitely Been Ever Since That Time. The Dow Has Gone From 100 To 21,000 During That Time. And No Matter What The Headlines Say, Or Terrible Things Are Happening - We Were Losing The War In The Pacific When I First Bought Stocks.
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Like Most Trends, At The Beginning It's Driven By Fundamentals, At Some Point Speculation Takes Over. What The Wise Man Does In The Beginning, The Fool Does In The End.
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An Investor Will Succeed By Coupling Good Business Judgment With An Ability To Insulate His Thoughts And Behavior From The Super-contagious Emotions That Swirl About The Marketplace.
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It Makes No Difference To A Widow With Her Savings In A 5 Percent Passbook Account Whether She Pays 100 Percent Income Tax On Her Interest Income During A Period Of Zero Inflation Or Pays No Income Tax During Years Of 5 Percent Inflation. Either Way, She Is 'taxed' In A Manner That Leaves Her No Real Income Whatsoever. Any Money She Spends Comes Right Out Of Capital. She Would Find Outrageous A 100 Percent Income Tax But Doesn't Seem To Notice That 5 Percent Inflation Is The Economic Equivalent.
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[gold] Gets Dug Out Of The Ground In Africa, Or Someplace. Then We Melt It Down, Dig Another Hole, Bury It Again And Pay People To Stand Around Guarding It. It Has No Utility. Anyone Watching From Mars Would Be Scratching Their Head.
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It's Almost Impossible To Overpay The Truly Extraordinary Ceo... But The Species Is Rare.
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A Newspaper That Reduces Its Coverage Of The News Important To Its Community Is Certain To Reduce Its Readership As Well
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As I Have Mentioned Before, We Cannot Make The Same Sort Of Money Out Of Permanent Ownership Of Controlled Businesses That Can Be Made From Buying And Reselling Such Businesses, Or From Skilled Investment In Marketable Securities. Nevertheless, They Offer A Pleasant Long Term Form Of Activity (when Conducted In Conjunction With High Grade, Able People) At Satisfactory Rates Of Return.
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The Stock Market Is A No-called-strike Game. You Don’t Have To Swing At Everything – You Can Wait For Your Pitch.
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Look At Market Fluctuations As Your Friend Rather Than Your Enemy; Profit From Folly Rather Than Participate In It.
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I'm Always Interested In Understanding The Math Of Things And Understanding As Much As I Can About All Aspects Of Business. And What I Learn Today May Be Useful To Me Two Years From Now. That's Really The Wonderful Thing About Investments Is Your Knowledge Is Cumulative.
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The Major Asset In This Category Is Gold, Currently A Huge Favorite Of Investors Who Fear Almost All Other Assets, Especially Paper Money (of Whose Value, As Noted, They Are Right To Be Fearful). Gold, However, Has Two Significant Shortcomings, Being Neither Of Much Use Nor Procreative. True, Gold Has Some Industrial And Decorative Utility, But The Demand For These Purposes Is Both Limited And Incapable Of Soaking Up New Production. Meanwhile, If You Own One Ounce Of Gold For An Eternity, You Will Still Own One Ounce At Its End.
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Would You Rather Be The World's Greatest Lover, But Have Everyone Think You're The World's Worst Lover? Or Would You Rather Be The World's Worst Lover But Have Everyone Think You're The World's Greatest Lover? Now, That's An Interesting Question.
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Many Stock Options In The Corporate World Have Worked In Exactly That Fashion: They Have Gained In Value Simply Because Management Retained Earnings, Not Because It Did Well With The Capital In Its Hands.
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I Asked Him What He Wanted To Do For His Career, And He Replied That He Wanted To Go Into A Particular Field, But Thought He Should Work For Mckinsey For A Few Years First To Add To His Resume. To Me That's Like Saving Sex For Your Old Age. It Makes No Sense.
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A Bull Market Is Like Sex. It Feels Best Just Before It Ends.
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Problem
Antisocial
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Luxury
I Can
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Successful
Investment Success
People
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America
Paid
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Long
Curiosity
Needs
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Struggle
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Class
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Weapons
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Party
Views
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Two
Needs
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Intensity
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Safety
Important
Three
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America
Lucky
Wealth
Don't Risk What Is Important To You, To Get What Is Not Important To You.
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Generosity
Risk
I'm The Luckiest Guy In The World In Terms Of What I Do For A Living. No One Can Tell Me To Do Things I Don't Believe In Or Things I Think Are Stupid.
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Believe
Thinking
If You Lose Money For The Firm, I Will Be Forgiving. If You Lose Reputation, I Will Be Ruthless.
Forgiving
Reputation
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People
Mark
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Guy
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Do What You Love And Work For Whom You Admire The Most, And You've Given Yourself The Best Chance In Life You Can.
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Given
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Never Depend On A Single Source Of Income.
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Source
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Financial
Easy
If You’re In The Luckiest One Per Cent Of Humanity, You Owe It To The Rest Of Humanity To Think About The Other 99 Per Cent.
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Helping Others
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Bridges
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Country
Wall
Perfect
I Don't Try And Guess When To Get In And Out Of The Market. I Have Owned Stocks Consistently Since 1942. I Owned The - I Was Buying Stocks The Day Before The Election. I Was Buying The Same Stocks The Day After Election. And If Hillary Had Been Elected, It Would Have Been The Same Thing.
Trying
Election
Consistently
I Could End The Deficit In 5 Minutes. You Just Pass A Law That Says That Anytime There Is A Deficit Of More Than 3% Of Gdp All Sitting Members Of Congress Are Ineligible For Reelection.
Law
Gdp
Sitting
Forecasts May Tell You A Great Deal About The Forecaster; They Tell You Nothing About The Future.
Investing
May
Deals
I’ve Never Believed In Risking What My Family And Friends Have And Need In Order To Pursue What They Don’t Have And Don’t Need.
Order
Family And Friends
Needs
I Think The Most Important Factor In Getting Out Of The Recession Actually Is Just The Regenerative Capacity Of - Of American Capitalism.
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Important
Capacity
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Girl
Running
Investing
I Mean, If Pearl Harbor Came Along, You Could Have Said The Planning Was Wrong By The Military Ahead Of Time Or Maybe The Battleships Shouldn't Have All Been In The Harbor And All That Kind Of Thing.
Military
Mean
Pearls
I'd Rather Have A $10 Million Business Making 15 Per Cent Than A $100 Million Business Making 5 Per Cent.
Cents
Millions
I Don't Read Economic Forecasts. I Don't Read The Funny Papers.
Investing
Paper
Economic
It's Far Better To Buy A Wonderful Company At A Fair Price Than A Fair Company At A Wonderful Price.
Business
War
Investing Money
This Country Is Going - Be Living Better Ten Years From Now Than It Is Now. It Will Be Living Better In 20 Years From Now Than Ten Years From Now. The Ingredients That Made This Country, You Know, The Miracle Of The World - I Mean We Had A Seven For One Improvement In The Average American Standard Of Living In The 20th Century.
Country
Mean
Average
Investing Is Laying Out Money Now To Get More Money Back In The Future.
Investing
More Money
It's A Lot Easier To Buy Things Than It Is To Sell Them.
Easier
Sells
The Investor Of Today Does Not Profit From Yesterday's Growth.
War
Past
Investing Money
Too Often, Executive Compensation In The U.s. Is Ridiculously Out Of Line With Performance. That Won't Change, Moreover, Because The Deck Is Stacked Against Investors When It Comes To The Ceo's Pay. The Upshot Is That A Mediocre-or-worse Ceo - Aided By His Handpicked Vp Of Human Relations And A Consultant From The Ever-accommodating Firm Of Ratchet, Ratchet And Bingo - All Too Often Receives Gobs Of Money From An Ill-designed Compensation Arrangement.
Business
Bingo
Gob
But, Surprise - None Of These Blockbuster Events Made The Slightest Dent In Ben Graham's Investment Principles. Nor Did They Render Unsound The Negotiated Purchases Of Fine Businesses At Sensible Prices. Imagine The Cost To Us, Then, If We Had Let A Fear Of Unknowns Cause Us To Defer Or Alter The Deployment Of Capital. Indeed, We Have Usually Made Our Best Purchases When Apprehensions About Some Macro Event Were At A Peak. Fear Is The Foe Of The Faddist, But The Friend Of The Fundamentalist.
Deployment
Principles
Events
I Really Like My Life. I've Arranged My Life So That I Can Do What I Want.
Investing
Want
Buffets
I Do Not Like Debt And Do Not Like To Invest In Companies That Have Too Much Debt, Particularly Long-term Debt. With Long-term Debt, Increases In Interest Rates Can Drastically Affect Company Profits And Make Future Cash Flows Less Predictable.
Cash Flow
Long
Too Much
Writing Checks To The Irs That Include Strings Of Zeros Does Not Bother Me ... Overall, We Feel Extraordinarily Lucky To Have Been Dealt A Hand In Life That Enables Us To Write Large Checks To The Government Rather Than One Requiring The Government To Regularly Write Checks To Us-say, Because We Are Disabled Or Unemployed.
Business
Writing
Government
After 25 Years Of Buying And Supervising A Great Variety Of Businesses, Charlie [munger] And I Have Not Learned How To Solve Difficult Business Problems. What We Have Learned Is To Avoid Them. To The Extent We Have Been Successful, It Is Because We Have Concentrated On Identifying One-foot Hurdles That We Could Step Over Rather Than Because We Acquired Any Ability To Clear Seven-footers.
Successful
Feet
Years
Always Invest For The Long Term.
Long
Investing
Term
In The Long Run Managements Stressing Accounting Appearance Over Economic Substance Usually Achieve Little Of Either.
Running
Business
Stress
You Will Be Right, Over The Course Of Many Transactions, If Your Hypotheses Are Correct, Your Facts Are Correct, And Your Reasoning Is Correct. True Conservatism Is Only Possible Through Knowledge And Reason.
Facts
Reason
Hypothesis
Does The Business Have A Consistent Operating History?
Doe
Investing
Consistent
If Some Institution Wants To Sell You A Billion Dollars Worth Of Mortgages, They Might Have To Sell 100 Million In The Market, And Then You'll Buy The Other 900 Million On The Same Terms. Now, The Very Fact That This Has Been Authorized Or Will Be Authorized, I Hope, Will Firm Up The Market To Some Degree. And That's Fine. But You Don't Want To Have Artificial Prices Being Paid.
Degrees
Dollars
Want
Truly Conservative Actions Arise From Intelligent Hypotheses, Correct Facts And Sound Reasoning.
Intelligent
Sound
Facts
We Also Believe Candour Benefits Us As Managers. The Ceo Who Misleads Often In Public Eventually Misleads Himself In Private.
Believe
Benefits
Ceo
Businesses Always Have Opportunities To Improve Service, Product Lines, Manufacturing Techniques, And The Like, And Obviously These Opportunities Should Be Seized. But A Business That Constantly Encounters Major Change Also Encounters Many Chances For Major Error
Opportunity
Errors
Technique
You Have To Turn Over A Lot Of Rocks To Find Those Little Anomalies. You Have To Find The Companies That Are Off The Map - Way Off The Map.
Rocks
Anomalies
Maps
The Value Of A Business Is The Cash It's Going To Produce In The Future.
Cash
Produce
Values
If, When Making A Stock Investment, You're Not Considering Holding It At Least Ten Years, Don't Waste More Than Ten Minutes Considering It.
Years
Waste
Investment
Look For 3 Things In A Person. Intelligence, Energy, & Integrity. If They Don't Have The Last One, Don't Even Bother With The First Two.
Integrity
Two
Energy
Of Our 49 Billion, We Haven't Moved Any To Bitcoin
Bitcoin
Billions
Havens
Be Brave When Others Are Afraid, And Afraid When Others Are Brave.
Brave
Be Brave
Long Ago, Sir Isaac Newton Gave Us Three Laws Of Motion, Which Were The Work Of Genius. But Sir Isaac's Talents Didn't Extend To Investing: He Lost A Bundle In The South Sea Bubble, Explaining Later, 'i Can Calculate The Movement Of The Stars, But Not The Madness Of Men.' If He Had Not Been Traumatized By This Loss, Sir Isaac Might Well Have Gone On To Discover The Fourth Law Of Motion: For Investors As A Whole, Returns Decrease As Motion Increases.
Stars
Business
Loss
There Are Certain Things That Cannot Be Adequately Explained To A Virgin Either By Words Or Pictures.
One Line
One Liner
Certain
Our Marketable Equities Tell Us By Their Operating Results - Not By Their Daily, Or Even Yearly, Price Quotations - Whether Our Investments Are Successful. The Market May Ignore Business Success For A While, But Eventually Will Confirm It.
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Business Success
Investing
Success Is Having People Love You That You Want To Have Love You.
Love You
People
Want
Only Those Who Will Be Sellers Of Equities In The Near Future Should Be Happy At Seeing Stocks Rise. Prospective Purchasers Should Much Prefer Sinking Prices.
Investing
Should
Sinking
I Have Never Been Able To Understand Why The Tax Comes As Such A Body Blow To Many People Since The Rate On Long-term Capital Gain Is Lower Than On Most Likes Of Endeavor (tax Policy Indicated Digging Ditches Is Regarded As Socially Less Desirable Than Shuffling Stock Certificates).
Blow
Long
People
It's Never Paid To Bet Against America. We Come Through Things, But Its Not Always A Smooth Ride.
America
Smooth
Paid
If You Can Eliminate The Government As A 39.6% Partner, Then You Will Be Much Better Off.
Government
Investing
Partners
We're Paying Maybe 25 Percent Of The Income Tax, But The Payroll Tax Is Over A Third Of The Receipts Of The Federal Government. And They Don't Take That From Me On Capital Gains. They Don't Take That From Me On Dividends.
Government
Payroll Tax
Income
Knowing What To Leave Out Is Just As Important As Knowing What To Focus On.
Knowing
Focus
Important
It's Nice To Have A Lot Of Money, But You Know, You Don't Want To Keep It Around Forever. I Prefer Buying Things. Otherwise, It's A Little Like Saving Sex For Your Old Age.
Sex
Nice
Buying Things
Suppose That An Investor You Admire And Trust Comes To You With An Investment Idea. This Is A Good One, He Says Enthusiastically. I'm In It, And I Think You Should Be, Too.
Business
Thinking
Ideas
Most People Get Interested In Stocks When Everyone Else Is. The Time To Get Interested Is When No One Else Is. You Can't Buy What Is Popular And Do Well.
People
Investing Your Time
Buffets
With Enough Insider Information And A Million Dollars, You Can Go Broke In A Year.
Years
Dollars
Investing
Asking For Financial Advice From A Financial Planner Is Like Asking A Barber If You Need A Hair Cut.
Cutting
Hair
Advice
If You Understood A Business Perfectly And The Future Of The Business, You Need Very Little In The Way Of A Margin Of Safety.
Safety
Needs
Littles
I Am A Huge Bull On This Country. We Will Not Have A Double-dip Recession At All. I See Our Businesses Coming Back Almost Across The Board.
Country
Boards
Double Standard
Our Approach Is Very Much Profiting From Lack Of Change Rather Than From Change.
Investing Money
Gum
Buffets
If You Expect To Be A Net Saver During The Next 5 Years, Should You Hope For A Higher Or Lower Stock Market During That Period? Many Investors Get This One Wrong. Even Though They Are Going To Be Net Buyers Of Stocks For Many Years To Come, They Are Elated When Stock Prices Rise And Depressed When They Fall. This Reaction Makes No Sense. Only Those Who Will Be Sellers Of Equities In The Near Future Should Be Happy At Seeing Stocks Rise. Prospective Purchasers Should Much Prefer Sinking Prices.
Fall
Years
Next
We Intend To Continue Our Practice Of Working Only With People Whom We Like And Admire. This Policy Not Only Maximizes Our Chances For Good Results, It Also Ensures Us An Extraordinarily Good Time.
Life
Practice
People
Bull Markets And Bear Markets Can Obscure Mathematical Laws, They Cannot Repeal Them.
Law
Bulls
Bears
I Was Lucky Enough To Be Born In A Time And Place Where Society Values My Talent, And Gave Me A Good Education To Develop That Talent, And Set Up The Laws And The Finanical System To Let Me Do What I Love Doing-and Make A Lot Of Money Doing It. The Least I Can Do Is Help Pay For All That.
Law
Pay
Lucky
Never Depend On Single Income. Make Investment To Create A Second Source.
Inspirational
Success
Money
If Principles Can Become Dated, They're Not Principles.
Life
Generosity
Principles
The Most Common Cause Of Low Prices Is Pessimism - Some Times Pervasive, Some Times Specific To A Company Or Industry. We Want To Do Business In Such An Environment, Not Because We Like Pessimism But Because We Like The Prices It Produces. It's Optimism That Is The Enemy Of The Rational Buyer.
Optimism
Enemy
Saving
I'm Just Lucky To Have Been In The Right Place At The Right Time. Another Place, Another Time, I Wouldn't Have Been As Successful. Society Enabled Me To Make My Money And My Money Should Go To Society.
Successful
Lucky
Should
Making Money Isn't The Backbone Of Our Guiding Purpose; It Is The By-product Of Our Guiding Purpose.
Purpose
Making Money
Backbone
I Think You'll Have Plenty Of Scrutiny As How The Money's Invested. I Mean, Just Like The Rfc. When The Rfc Operated, People Knew Which Institutions They Were Buying Preferred Stock In. And It Worked Very Well.
Mean
Thinking
People
A Prediction About The Direction Of The Stock Market Tells You Nothing About Where Stocks Are Headed, But A Whole Lot About The Person Doing The Predicting.
Investing
Predictions
Persons
Investors Have To Remember: Corporate Profits Are Going Up, But Stocks Are Going Up Faster. How Can That Continue Indefinitely? Investors Can Only Earn What Companies Themselves Can Earn; The Government Or The Markets Themselves Don't Kick Anything In. How Can You Get Anything More Out Of A Farm Than What It Grows?
Government
Remember
Profit
The Best Investment You Can Make Is In Yourself.
Inspirational
Investment Success
Entrepreneur
Wall Street Is The Only Place That People Ride To In A Rolls Royce To Get Advice From Those Who Take The Subway.
Wall
Investing Money
People
The Only Way To Be Loved Is To Be Loveable, Which Really Irritates Me.
Way
An Argument Is Made That There Are Just Too Many Question Marks About The Near Future; Wouldn't It Be Better To Wait Until Things Clear Up A Bit? You Know The Prose: "maintain Buying Reserves Until Current Uncertainties Are Resolved," Etc. Before Reaching For That Crutch, Face Up To Two Unpleasant Facts: The Future Is Never Clear And You Pay A Very High Price For A Cheery Consensus. Uncertainty Actually Is The Friend Of The Buyer Of Long-term Values.
Two
Long
Waiting
If You Are A Professional And Have Confidence, Then I Would Advocate Lots Of Concentration.
Concentration
Have Confidence
Ifs
When Somebody Makes It Very Easy For You To Do It By Saying You Don't Really Have To Put Up My Money, You Can Lie About Your Income A Little, Or We'll Give You 100 Percent Mortgage, You're Going To Do It, Because Everybody That's Done It Has Been Proven Right. You Have Social Tools, And You're Going To Feel Like An Idiot If You Didn't Do It, Because The House Cost More.
Lying
Giving
House
In An Inflationary World, A Toll Bridge (like Company) Would Be A Great Thing To Own Because You've Laid Out The Capital Costs. You Built It In Old Dollars And You Don't Have To Keep Replacing It.
Bridges
Dollars
Would Be
I Would Say That Life At 84, I Am Having As Much Fun As I've Ever Had In My Life. I Mean I Get To Do What I Love Every Day With The People I Love-and It Just Doesn't Get Any Better Than That.
Fun
Mean
People
Inactivity Strikes Us As Intelligent Behavior.
Intelligent
Investing
Behavior
Personally, I Really Hope I Can Treat Everyone Equally. I Think I Have Done A Pretty Good Job So Far But I Know I Can Do It Better.
Jobs
Thinking
Done
If You Invested In A Very Low Cost Index Fund - Where You Don't Put The Money In At One Time, But Average In Over 10 Years -you'll Do Better Than 90% Of People Who Start Investing At The Same Time.
Average
Years
People
A Company Should Be Viewed As An Unfolding Movie, Not As A Still Photograph
Photograph
Should
Unfolding
Occasionally, A Man Must Rise Above Principles.
Men
Principles
Rise Above
I Never Try To Predict The Market.
Trying
The Time To Buy Stocks Is Consistently Over Time. You Should Never Buy Your Investments With The Idea, 'i Have To Get A Certain Return.' You Should Look At The Best Return Possible And Learn To Live With That. But You Should Not Try To Make Your Investments Earn What You Feel You Need. It Doesn't Work That Way. The Stock Doesn't Know You Own It.
Wisdom
Ideas
Trying
We Enjoy The Process Far More Than The Proceeds.
Business
War
Investing
In A Difficult Business, No Sooner Is One Problem Solved Than Another Surfaces - Never Is There Just One Cockroach In The Kitchen.
Kitchen
Cockroaches
Problem
Always Associate Yourself With People Who Are Better Than You.
Kayaking
People
Investing
You Know, With Your Money And My Brains, I Mean, There's No Telling How Far We'd Go.
Mean
Brain
Knows
The Best Asset Is Your Own Self. You Can Become To An Enormous Degree The Person You Want To Be
Self
Degrees
Want
There Seems To Be Some Perverse Human Characteristic That Likes To Make Easy Things Difficult.
Life
Nature
War
I Mean, You Know, You're Not Going To Change The Human Animal. And The Human Animal Really Doesn't Get A Lot Smarter.
Mean
Animal
Humans
If Anything, Taxes For The Lower And Middle Class And Maybe Even The Upper-middle Class Should Even Probably Be Cut Further. But I Think That People At The High End - People Like Myself - Should Be Paying A Lot More In Taxes. We Have It Better Than We've Ever Had It.
Cutting
Thinking
Class
We Have Usually Made Our Best Purchases When Apprehensions About Some Macro Event Were At A Peak. Fear Is The Foe Of The Faddist, But The Friend Of The Fundamentalist.
Events
Made
Macro
I Think That They Hoped The Private Sector Would Come In. And The Private Sector Tried To Come In Until They Saw The Size Of The Problem. I Mean, From Were People On That Weekend That Thought They'd Had A Solution. And Then The Hole Kept Getting Bigger And Bigger. And All Of A Sudden Became Apparent That 20 Billion Wouldn't Do It And 30 Billion Wouldn't Do It And 40 Billion Wouldn't Do It. So It Got Beyond Anybody's Ability To Certainly To Do It In A Short Period Of Time.
Mean
Weekend
Thinking
I Am A Better Investor Because I Am A Businessman, And A Better Businessman Because I Am No Investor.
Business
Investing
Buffets
It's A Nightmare To Administer Some Of This Sort Of Thing, But I Want To Tell The Shareholders Of Berkshire, To The Percent We Own Marketable Securities Or Things For Which There Are Market, Even If Those Markets - I Want To Tell Them What It's All About.
Want
Nightmare
Shareholders
The Greatest Investment A Young Person Can Make Is In Their Own Education, In Their Own Mind. Because Money Comes And Goes. Relationships Come And Go. But What You Learn Once Stays With You Forever.
Forever
Mind
Investment
Do Not Save What Is Left After Spending, But Spend What Is Left After Saving.
Inspirational
Life
Money
A Stock Doesn't Know That You Own It.
Knows
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