Would you rather be the world's greatest lover, but have everyone think you're the world's worst lover? Or would you rather be the world's worst lover but have everyone think you're the world's greatest lover? Now, that's an interesting question.
Warren BuffettThings you like to do should be a hobby of yours, but things the world does should be a business of yours.
Warren BuffettThe stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
Warren BuffettShares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.
Warren BuffettWe do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now.
Warren BuffettI think the oversight is great, and I think that oversight ought to be devoted almost entirely to the question is this being done at market you know. In other words, you want to make sure that the government isn't investing foolishly. But you don't want to care about which congressional districts it goes to or whether banks get favored over.
Warren Buffett