- Rule No. 1: never lose money; rule No. 2: don't forget rule No. 1。風險和購入成本。便宜價購入。
- I am a better investor because I am a businessman, and a better businessman because I am no investor.投資其實是商業行為，將本求利。
- It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.購買物美價廉的公司，而不要找價廉物美的公司。同坦柏頓的想法。找到偉大的公司，獲利較高，一輩子只要有幾次這種機會就夠了，等吧!
- the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.不要一直進行買賣。機會&稅，會吃掉獲利。
- Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.不要以為智商高的人，在投資領域中，可以打敗智商低的。心理成熟度比較重要。
- Time is the friend of the wonderful business, the enemy of the mediocre.時間是偉大企業的朋友，是平庸企業的敵人。
- After all, you only find out who is swimming naked when the tide goes out.退潮的時候，你才會發現誰是裸泳者。
- When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.如果買進了偉大企業，我們持股的期限是：永遠。
- The stock market is a no-called-strike game. You don't have to swing at everything.等到好球再打，投資的領域中，沒有所謂的三振出局。
- Price is what you pay; value is what you get.等到大拍賣的時候，出手吧。
- Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it's the lack of change that appeals to me. I don't think it is going to be hurt by the Internet. That's the kind of business I like.找個具有持續獲利能力的公司，產品不會不停地改變。
- The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.等便宜時再出手，這時，偉大的企業可能正陷入危機中，她有可能回復嗎？A咖公司。
- I have pledged – to you, the rating agencies and myself – to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow’s obligations. When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.保有足夠的現金。
- 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.控制好自己的情緒：當別人恐懼時，自己要貪婪。
- "You can sell it to Berkshire, and we'll put it in the Metropolitan Museum; it'll have a wing all by itself; it'll be there forever. Or you can sell it to some porn shop operator, and he'll take the painting and he'll make the boobs a little bigger and he'll stick it up in the window, and some other guy will come along in a raincoat, and he'll buy it." - On what makes people sell to him
資料來源：
The 15 Best Things Warren Buffett Has Ever Said About Investing
