Warren buffet - quotes part 1 of 8

Honey (student) (134 Points)

22 August 2012  

1.            "Ifyou are in a poker game and after 20 minutes, you don't know who the patsy is,then you are the patsy."

2.            "Wallstreet is the only place that people ride to in Rolls Royce to get advice fromthose who take the subway."

3.            "Itis only when the tide goes out that you can see who is swimming naked."

4.            "My two rules of investing: Rule one – never lose money. Rule two – never forget rule one."

5.            "Accountingis the language of business."

6.            "Diversificationis a protection against ignorance. It makes very little sense to those who knowwhat they are doing."

7.            "Therich invest in time, the poor invest in money."

8.            "Ialways knew I was going to be rich. I don't think I ever doubted it for aminute."

9.            "Ittakes 20 years to build a reputation and only five Minutes to ruin it. If youthink about that, you will do things differently."

10.          "Chainsof habit are too light to be felt until they are too heavy to be broken.'