I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.
It takes 20 years to build a reputation and five minuted to ruin it. If you think about that you'll do things differently.
It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.
Wall Street is the only place that people drive to in a Rolls Royce to take advice from people who ride the subway.
Diversification is protection against ignorance. It makes little sense if you know what you are doing.
The fact that people will be full of greed, fear or folly is predictable.The sequence is not predictable.
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact.
I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.
There seems to be some perverse human characteristic that likes to make easy things difficult.
If past history was all there was to the game, the richest people would be librarians.
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.
In the business world, the rearview mirror is always clearer than the windshield.
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
Your premium brand had better be delivering something special, or it's not going to get the business.
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.
Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.
If past history was all there was to the game, the richest people would be librarians.
The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
Someone's sitting in the shade today because someone planted a tree a long time ago.
You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
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.