“The big money is not in the buying and selling, but in the waiting”
“A great business at a fair price is superior to a fair business at a great price”
“It takes character to sit with all that cash and to do nothing. I didn’t get to where I am by going after mediocre opportunities”
"Invest in a business any fool can run, because someday a fool will. If it won’t stand a little mismanagement, it’s not much of a business”
“You need patience, discipline, and agility to take losses and adversity without going crazy”
“We have three baskets for investing: yes, no. and too tough to understand”
“Live within your income and save so that you can invest. Learn what you need to learn”
“We both (Warren Buf.”fett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.”
“You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long time.”