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.

Quote by Warren Buffett

Topics: Money Quotes

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

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

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

The first rule is not to lose. The second rule is not to forget the...

The first rule is not to lose. The second rule is not to forget the...

Wall Street is the only place that people ride to in a Rolls Royce to...

Wall Street is the only place that people ride to in a Rolls Royce to...

It's better to hang out with people better than you, ... Pick out associates whose...

It's better to hang out with people better than you, ... Pick out associates whose...

The only time to buy these is on a day with no y in it.

The only time to buy these is on a day with no y in it.

You only have to do a very few things right in your life so long...

You only have to do a very few things right in your life so long...

Of the billionaires I have known, money just brings out the basic traits in them....

Of the billionaires I have known, money just brings out the basic traits in them....

It takes 20 years to build a reputation and five minutes to ruin it. If...

It takes 20 years to build a reputation and five minutes to ruin it. If...

You see many stars at night in the sky but find them not when the...

You see many stars at night in the sky but find them not when the...

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

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

I just think that - when a country needs more income and we do, we're...

I just think that - when a country needs more income and we do, we're...

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is...

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is...

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

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

Risk comes from not knowing what you're doing.

Risk comes from not knowing what you're doing.

I think the most important factor in getting out of the recession actually is just...

I think the most important factor in getting out of the recession actually is just...

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

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

Look at market fluctuations as your friend rather than your enemy; profit from folly rather...

Look at market fluctuations as your friend rather than your enemy; profit from folly rather...

If you wish to make a man your enemy, tell him simply, 'You are wrong.'...

If you wish to make a man your enemy, tell him simply, 'You are wrong.'...

I have met the enemy, and it is the eyes of other people.

I have met the enemy, and it is the eyes of other people.

When you choose your friends, don't be short-changed by choosing personality over character.

When you choose your friends, don't be short-changed by choosing personality over character.