Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell. Warren Buffett
It's simply to say that managers and investors alike must understand that accounting numbers is the beginning, not the end, of business valuation. Warren Buffett
Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful. Warren Buffett
Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid. Warren Buffett
Full service brokers, in this day and age of low cost mutual funds and discount brokers, are really nothing more than machines for ripping off retail investors. Joel Spolsky
Wide diversification is only required when investors do not understand what they are doing. Warren Buffett