1.Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
2.Price is what you pay. Value is what you get.
3.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.
4.You only have to do a very few things right in your life so long as you don't do too many things wrong.
5.When you combine ignorance and leverage, you get some pretty interesting results.
6.The only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: 'I'll buy a million dollars' worth of love.' But it doesn't work that way. The more you give love away, the more you get.
7.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.
8.I bought a company in the mid-'90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.
9.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.
10.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.
11.It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
Comment Your Favorite Warren Buffett Quotes Below