If you donโt feel comfortable making a rough estimate of the assetโs future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isnโt necessary; you only need to understand the actions you undertake.
Warren BuffettYou should invest in a business that even a fool can run, because someday a fool will.
Warren BuffettThe patient that's on the floor with the cardiac arrest is not Wall Street. It's the American economy.
Warren BuffettI am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.
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 BuffettThe great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.
Warren Buffett