Quotes About Growth

The more you learn, the more you earn.

In fact, when Warren Buffett was once asked about the key to success, he pointed to a stack of nearby books and said, "Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.

Our favorite holding period is forever. We are just the opposite of those who hurry to sell and book profits when companies perform well but who tenaciously hang on to businesses that disappoint. Peter Lynch aptly likens such behavior to cutting the flowers and watering the weeds.

Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.

It's not that I want money. It's the fun if making money and watching it grow.

It's not that I want money. It's the fun of making money and watching it grow.

Read 500 pages like this every week. That's how knowledge builds up, like compound interest.

It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.

The best investment you can make is in yourself.

Focus on the Forest — Forget the Trees Investors who evaluate Berkshire sometimes obsess on the details of our many and diverse businesses — our economic "trees," so to speak. Analysis of that type can be mind-numbing, given that we own a vast array of specimens, ranging from twigs to redwoods. A few of our trees are diseased and unlikely to be around a decade from now. Many others, though, are destined to grow in size and beauty.

Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it. — Warren Buffett

For these investors, it would have been far better if Orville had failed to get off the ground at Kitty Hawk: The more the industry has grown, the worse the disaster for owners.

Don't work for money, make money work for you.

Warren Buffett

What's out of sight, however, should not be out of mind: Those unrecorded retained earnings are usually building value — lots of value — for Berkshire.

Leaving the question of price aside, the best business to own is one that over an extended period can employ large amounts of incremental capital at very high rates of return.

One of the lessons your management has learned—and, unfortunately, sometimes re-learned—is the importance of being in businesses where tailwinds prevail rather than headwinds.

When "dumb" money acknowledges its limitations, it ceases to be dumb.

Go to bed a little smarter each day.

Some Thoughts About Investing

It's good to learn from your mistakes. It's better to learn from other people's mistakes.

an environment becomes fully visible only when it has been superseded by a new environment; thus we are always one step behind in our view of the world. The present is always invisible because it's environmental and saturates the whole field of attention so overwhelmingly; thus everyone is alive in an earlier day.

The future sneaks up on us. It leaks in through the small, ordinary things.

Time was this place didn't make sense and I could live with it. Either it's changed, or I have.