30 Warren Buffett quotes precious for investors

Rule number 1: never lose money. Rule number 2: never forget rule number 1.

The price is what you pay. Value is what you get.

The risk comes from not knowing what you are doing.

In the business world, the rearview mirror is always clearer than the windshield.

If a business does well, the stock eventually catches up.

Our favorite waiting period is forever.

Time is the friend of wonderful company and the enemy of the mediocre.

Opportunities rarely come. When it rains gold, put out the bucket.

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

Honesty is a very expensive gift. Don’t expect that from cheap people.

The best thing I did was choose the right heroes.

The difference between successful people and really successful people is that really successful people say no to almost everything.

Today’s investor does not profit from yesterday’s growth.

Not doing what we love in the name of greed is very bad management of our lives.

The most important investment you can make is in yourself.

You do things when opportunities arise.

You can’t produce a baby in a month by getting nine women pregnant.

Don’t take annual results too seriously. Instead, focus on four- or five-year averages.

The most important thing to do if you find yourself in a hole is to stop digging.

Lose the company money, and I’ll be understanding. Lose a crumb of the company’s reputation, and I’ll be ruthless.

The best chance to deploy capital is when things are going downhill.

Never invest in a business you can’t understand.

We want products where people feel like kissing you instead of slapping you.

Speculation is most dangerous when it seems easiest.

Investors should remember that excitement and spending are their enemies.

What we learn from history is that people don’t learn from history.

You just need to be able to rate companies within your circle of competence.

Diversification is a protection against ignorance. It makes very little sense to those who know what they are doing.

I believe in giving my kids enough money so they can do anything, but not so much that they can’t do anything.

If you buy things you don’t need, you’ll soon have to sell things you need.