智慧之語: Warren Buffet's Golden Quotes

Hailed as the world's most sucessful stock market investor, Warren Buffet was ranked richest American in a list compiled by Forbes in 1993.
His track record in accumulating wealth through sucessful stock market investment is nonpareil. In 1956, he commenced his investment partnership with $10,000; in 2005 his net worth was estimated $44 billion.

Here are some valuable and golden quotes from him:

1. A public-opinion poll is no substitute for thought.

2. Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.

3. I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

4. If past history was all there was to the game, the richest people would be librarians.

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

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

7. Our favorite holding period is forever.

8. Risk comes from not knowing what you're doing.

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

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