Warren Buffett Quotations | Page 2

Time is your friend, impulse is your enemy. Take advantage of compound interest and don't be captivated by the siren song of the market.

I don't need 15 houses. Owning real estate doesn't mean much to me. I don't like to think about things like that. I don't need 12 boats, or even the world's largest boat with a crew of 80. I'd have to take care of them, to worry about them. I get a lot more fun out of life without all the bells and whistles.

My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.

I have a wonderful family. I have a job that I love and wonderful people who help me with it. It can't get any better than that.

I don't really think that, as a society, we [americans] want to confer blessings on generation after generation who contribute nothing to society, simply because somebody in the far distant past happened to amass a great sum of wealth.

What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have opponents who have been taught that thinking is a waste of energy?

We don't read other people's opinions. We want to get the facts, and then think.

What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.

Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.

Don't settle for anything other than your passion - if you're lucky enough to find it.