Warren Buffett Quotes & Sayings (Page 2)

“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”

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

“Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.”

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

“Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.”

“I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.”

“I buy expensive suits. They just look cheap on me.”

“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.”

“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.”