An investor needs to do very few things right as long as he or she avoids big mistakes.
Warren BuffettThereโs class warfare, all right, but itโs my class, the rich class, thatโs making war, and weโre winning.
Warren BuffettI look for businesses in which I think I can predict what they're going to look like in ten to fifteen years time. Take Wrigley's chewing gum. I don't think the internet is going to change how people chew gum.
Warren BuffettHaving first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.
Warren BuffettWell, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick.
Warren BuffettI never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that ...I'm paying $32 billion today for the Coca Cola Company because... If you can't answer that question, you shouldn't buy it. If you can answer that question, and you do it a few times, you'll make a lot of money.
Warren Buffett