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Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.

Warren Buffett

People

Advice

You only have to do a very few things right in your life so long as you don't do too many things wrong.

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.

You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it.

Risk is a part of God's game, alike for men and nations.

We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.

The first rule is not to lose. The second rule is not to forget the first rule.

Warren Buffett

First

Forget

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.

Warren Buffett

Energy

Value is what you get.

Warren Buffett

Value

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

Warren Buffett

Money

Forget

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.

Warren Buffett

Business