They say the chains of habit are too light to be felt until they are too heavy to be broken. The chains you put around yourself now have enormous consequences as you go through life.
Warren BuffettIf AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.
Warren BuffettI think the worst mistake you can make in stocks is to buy or sell based on current headlines.
Warren BuffettThe speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.
Warren Buffett