It is obvious that the performance of a stock last year or last month is no reason, per se, to either own it or to not own it now. It is obvious that an inability to "get even" in a security that has declined is of no importance. It is obvious that the inner warm glow that results from having held a winner last year is of no importance in making a decision as to whether it belongs in an optimum portfolio this year.
Warren BuffettThe stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.
Warren BuffettCredit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.
Warren BuffettYou don't need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.
Warren Buffett