Warren Buffett's Classic Quotes:
1. Risk comes from not knowing what you're doing.
2. Always invest within the limits of your understanding.
3. As long as you're not too eager for quick results, reasonable investments can make you very wealthy.
4. If you've played cards for half an hour and still don't know who the sucker is, then you are.
5. Don't invest in a business that a fool can operate, because someday a fool will.
6. If you're a duck in a pond and the water rises due to a storm, you start floating in the water, but at that moment you think it's you that's rising, not the pond.
7. Only when the tide goes out will you know who has been swimming naked.
8. I don't try to jump over a 7-foot high fence; I look around for a 1-foot high fence that I can step over.
9. The market is a system for reallocating wealth. It takes money from those who are impatient and gives it to those who are patient.
10. For most investors, what matters is not how much they know, but how they handle the things they don't understand.
11. An outstanding business can anticipate what might happen in the future, but it does not necessarily know when it will happen. The focus should be on what to do, not when to do it. If your judgment about what is right is correct, then you need not worry much about when it will happen.
12. For your circle of competence, what matters most is not the size of the circle, but how well you can define its boundaries. If you know the boundaries of your circle, you will be much richer than those whose circles are five times larger but do not know their boundaries.
13. If you're on the wrong path, running won't help.
15. If there is a secret to investing, it is to choose the right time to invest.
16. In life, if you choose your heroes correctly, you will be luckier. I suggest all of you pick a few heroes as best as you can.
17. Many things can be profitable, but you must stick to doing only what is within your capacity; we have no way to knock out Tyson.
18. I never intend to make money the day after I buy a stock,
