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Our favorite holding period is forever.

Our favorite holding period is forever.

Derivatives are financial weapons of mass destruction.

Derivatives are financial weapons of mass destruction.

Risk is a part of God's game, alike for men and nations.

Risk is a part of God's game, alike for men and nations.

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...

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 am quite serious when I say that I do not believe there are, on...

I am quite serious when I say that I do not believe there are, on...

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.

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...

Only when the tide goes out do you discover who's been swimming naked.

Only when the tide goes out do you discover who's been swimming naked.

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...

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...

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.

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...

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...

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...

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...

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is...

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is...

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...

Your premium brand had better be delivering something special, or it's not going to get...

Your premium brand had better be delivering something special, or it's not going to get...

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...