If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.
Warren BuffettThe woman that comes in, takes the wastebasket away, she's paying 15.3 or whatever it is on payroll tax alone. I mean it is - I never had it so good.
Warren BuffettInvesting is the greatest business in the world because you never have to swing. You stand at the plate; the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity. All day you wait for the pitch you like; then, when the fielders are asleep, you step up and hit it.
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 speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.
Warren Buffett