Warren Buffett Quotes Part 1

Warren Buffett Quotes

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

You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.

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

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

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

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

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

It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.

The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.

 

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

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.

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

Risk comes from not knowing what you're doing.