1,111 Quotes by Warren Buffett

The only time to buy these is on a day with no 'y' in it.

Our favorite holding period is forever. We are just the opposite of those who hurry to sell and book profits when companies perform well but who tenaciously hang on to businesses that disappoint. Peter Lynch aptly likens such behavior to cutting the flowers and watering the weeds.

If options aren't a form of compensation, what are they? If compensation isn't an expense, what is it? And, if expenses shouldn't go into the calculation of earnings, where in the world should they go?

It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.

Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.

Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble

Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.

If you aren't thinking about owning a stock for ten years, don't even think about owning it for ten minutes.

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.