If you can talk to a CEO, ask them this question: If you were stuck on a desert island for 10 years, which of your competitor’s stock would you buy, and which one would you short.

- Warren Buffett

Warren Buffett:

If you take big swings, you’re going to miss sometimes. It’s part of the game.

…Babe Ruth for a long time held the record for strikeouts, but he also held the record for home runs and was the highest-paid baseball player.

Hesitation is fatal; once an action is begun, it must be followed through with the utmost exertion of the will.

- Napoleon

Warren Buffett: When people say, ‘I’m not buying stocks now because times are uncertain,’ I say to them:

Well, on September 10th, 2001, were times certain?’ Yeah, you thought they were certain, but you found out the next day they weren’t. On October 18th, 1987, the day before the Dow took that 22% hit…Things were always uncertain in the short term…The longer term is pretty darn certain.

What really is certain is that things that worked over time will continue to work over time.

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.

- Warren Buffett

The ability to borrow enormous amounts of money, combined with the chance to get either very rich or very poor very quickly, has historically been a recipe for trouble at some point.

— Warren Buffett, 1994

Invest in yourself. The one easy way to become worth at least 50% more than you are now is to hone your communication skills—both written and verbal.

— Warren Buffett

If you look around you at the people you admire, they have certain qualities. Generally, they have an upbeat attitude on life. They are generous people. They are humorous people. They do more than their share. They are thinking about something nice they can do for you. And all of those qualities attract you. None of those are innate at birth. You can acquire those.

- Warren Buffett

The unsophisticated investor who is realistic about his shortcomings is likely to obtain better long-term results than the knowledgeable professional who is blind to even a single weakness.

— Warren Buffett

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

— Warren Buffett

Human nature has not changed: people will always behave in a manic-depressive way over time. They will offer great values to you.

- Warren Buffett

You can't make a good deal with a bad person.

- Warren Buffett

Warren Buffett: If I’m buying Coca-Cola, I’ll go back and read the Fortune articles from the 1930s on it. I like a lot of historical background on things, just to get it in my head how the business has evolved over time;

We’re trying to buy businesses we want to own forever, and if you’re thinking that way you might as well look back and see what it’s been like to own them forever.

If returns are going to be 7 or 8 percent and you’re paying 1 percent for fees, that makes an enormous difference in how much money you’ll have in retirement.

- Warren Buffett.

When a person with money meets a person with experience, the one with experience ends up with the money and the one with money leaves with experience.

- Warren Buffett

The important thing is to keep playing, to play against weak opponents, and to play for big stakes.

- Warren Buffett

Bad news is an investor's best friend. It lets you buy at a marked-down price.

- Warren Buffett