o It is not necessary to do extraordinary things to get extraordinary results.
o What we learn from history is that people don’t learn from history.
o Chains of habit are too light to be felt until they are too heavy to be broken.
o The difference between successful people and really successful people is that really successful people say no to almost everything.
o Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without [integrity], you really want them to be dumb and lazy.
o Rule No. 1: never lose money; rule No. 2: don’t ever forget rule No. 1.
o Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway.
o I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
o It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
o Price is what you pay. Value is what you get.
* * *
To learn more about Warren Buffett, please click here.