Quotes from Warren Buffett

Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two.

If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.

Read 500 pages every day. That's how knowledge works. It builds up like compound interest.

Derivatives are financial weapons of mass destruction.

I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.

I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.

If book knowledge made great investors, than the librarians would all be rich.

Learning how to live is much more important than learning how to make a living.

People will always try to stop you from doing the right thing if it is unconventional.

If a business does well, the stock eventually follows.

Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.

Valuing a business is part art and part science.

You can't make a good deal with a bad person.

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.

If you want to soar like an eagle in life, you can't be flocking with the turkeys.

Life is like a snowball. The important thing is finding wet snow and a really long hill.

Don't risk what is important to you, to get what is not important to you.

When forced to choose, I will not trade even a night's sleep for the chance of extra profits.

You have to be able to communicate in life and probably schools underemphasize that. If you can't talk to people or write, you're giving up your potential.

It's much easier to stay out of trouble now than to get out of trouble later.

Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper for your friends and family to see.

Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.

You should invest like a Catholic marries: for life.

The trick is, when there is nothing to do, do nothing.