Warren Buffett

"Honesty is a very expensive gift. Don't expect it from cheap people."

"Intensity is the price of excellence."

"It is impossible to produce superior performance unless you do something different."

"One of the secrets to life is that all that is really worth doing is what we do for others."

"Time is the friend of the wonderful business, the enemy of the mediocre."

"It's not that hard to get rich. It's just not that easy either."

"Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future."

"Money is not going to make you happy. Everybody knows that, yet they keep trying."

"I never try 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."

"The person that turns in the best performance is the one that gets paid the most."

"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."

"I make no attempts to predict the short-term movements of the market."

"Most good stocks are found among beaten-down industry groups."

"Lethargy bordering on sloth remains the cornerstone of our investment style."

"Business schools rewarded difficult complex behavior more than simple behavior, but simple behavior is more effective."

"The investor should act as though he has a lifetime decision card with just twenty punches on it."

"Anything can happen in life, especially nothing."

"You cannot make progress without making decisions."

"Of all the things that drive error in business, insuference is it."

"The management of a company should be working to keep it from declining, not for a stock price increase."

"There is nothing wrong with a 'bet-the-company' attitude if you prepared properly."

"In the short run, the market is a popularity contest. In the long run, it is a weighing machine."

"Our favorite holding period is forever."

"You earn the right to dream big by handling the small details well."

"I'd rather be a horse than a jockey."

"The critical investment factor is determining the intrinsic business value of an investment."

"You can't control the market, but you can control your costs."

"Most investors betray tremendous emotional gurgling when they should behave like philosophers."

"It's not the bad companies that cause problems, it's the good companies in bad industries."

"We see ourselves as purchasing fractional interests in businesses."