In that, we agreed with Andrew Carnegie, who said that huge fortunes that flow in large part from society should in large part be returned to society. In my case, the ability to allocate capital would have had little utility unless I lived in a rich, populous country in which enormous quantities of marketable securities were traded and were sometimes ridiculously mispriced. And fortunately for me, that describes the U.S. in the second half of the last century.
Warren BuffettI have always cautioned partners that I considered three years a minimum in determining whether we were "performing".
Warren BuffettTime is your friend, impulse is your enemy. Take advantage of compound interest and don't be captivated by the siren song of the market.
Warren BuffettThe market system rewards me outlandishly for what I do, but that doesn't mean I'm any more deserving of a good life than a teacher or a doctor or someone who fights in Afghanistan.
Warren Buffett