Sunday, August 06, 2006

Warren Buffett Quotes

Warren Buffett is by far the greatest investor of the modern era.

Here are some of his quotes which I felt are important and useful for all investors :

"A public-opinion poll is no substitute for thought."

"I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over. "

"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. "

"If a business does well, the stock eventually follows. "

"If past history was all there was to the game, the richest people would be librarians. "

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. "

"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years. "

"Our favorite holding period is forever. "

"Price is what you pay. Value is what you get. "

"Risk comes from not knowing what you're doing. "

"The investor of today does not profit from yesterday's growth. "

"Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful". "

"Wide diversification is only required when investors do not understand what they are doing. "

"You only have to do a very few things right in your life so long as you don't do too many things wrong. "

And with that quote I am going to finish this post. These quotes need no explanation .. heed the advice as it is well worth it.

Good luck Trading.

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