warren buffett 2018

Price is what you pay. Value is what you get.

Someone's sitting in the shade today because someone planted a tree a long time ago.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

I violated the Noah rule: Predicting rain doesn't count; building arks does.

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

Risk comes from not knowing what you're doing.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

It's only when the tide goes out that you discover who's been swimming naked.

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

Our favorite holding period is forever.