Quotes from Warren Buffett

The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.

We're still in a recession. We're not gonna be out of it for a while, but we will get out.

We enjoy the process far more than the proceeds.

The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves - and the better the teacher, the better the student body.

The smarter the journalists are, the better off society is.

We need a tax system that essentially takes very good care of the people who just really aren't as well adapted to the market system but are nevertheless doing useful things in the society.

The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.

Tell me your heroes and I'll tell you how your life will end up

The key to life is to figure out who to be the batboy for.

They say the chains of habit are too light to be felt until they are too heavy to be broken. The chains you put around yourself now have enormous consequences as you go through life.

We intend to continue our practice of working only with people whom we like and admire. This policy not only maximizes our chances for good results, it also ensures us an extraordinarily good time.

You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes

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

Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.

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

The key to success is emotional stability.

Wide diversification is only required when investors do not understand what they are doing.

Do not put all your eggs in one basket.

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

Very successful people say no to almost everything.

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.

You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.

In the world of business, the people who are most successful are those who are doing what they love.

If you're in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.