Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.
Warren BuffettI 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.
Warren BuffettRead Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.
Warren BuffettWhen Berkshire Hathaway laid out three billion dollars for GE today, we didn't spend it, we invested it. When the Federal government buys the mortgages, they're not spending it, they're investing it. Now, they're investing it in distress type assets but they're buying them at distress prices if they buy them at market. It's the kind of stuff I love to do. I just don't have 700 million. Maybe we could go in it together.
Warren Buffett