Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

Quote by Warren Buffett

Topics: Warren Buffett Quotes

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...

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

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

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...

Our favorite holding period is forever.

Our favorite holding period is forever.

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

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

Risk comes from not knowing what you're doing.

Risk comes from not knowing what you're doing.

I always knew I was going to be rich. I don't think I ever doubted...

I always knew I was going to be rich. I don't think I ever doubted...

Derivatives are financial weapons of mass destruction.

Derivatives are financial weapons of mass destruction.

Beware of geeks bearing formulas.

Beware of geeks bearing formulas.

There are 309 million people out there that are trying to improve their lot in...

There are 309 million people out there that are trying to improve their lot in...

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...

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

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

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...

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...

Chains of habit are too light to be felt until they are too heavy to...

Chains of habit are too light to be felt until they are too heavy to...

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...

Why not invest your assets in the companies you really like? As Mae West said,...

Why not invest your assets in the companies you really like? As Mae West said,...

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...

Time is the friend of the wonderful company, the enemy of the mediocre.

Time is the friend of the wonderful company, the enemy of the mediocre.

There seems to be some perverse human characteristic that likes to make easy things difficult.

There seems to be some perverse human characteristic that likes to make easy things difficult.