No. of Recommendations: 16
https://open.substack.com/pub/kingswell/p/warren-9...He is a good follow
first 10:
(1) “The first rule of investment is don’t lose — and the second rule of investment is don’t forget the first rule. And that’s all the rules there are.”
(2) “If you’re going to be buyers of groceries over time, you like grocery prices to go down. We buy businesses. We buy pieces of businesses. We’re going to be much better off if we can buy those things at an attractive price than if we can’t.”
(3) “People are really strange [during market downturns]. Most [people] are savers — and that means they’ll be net buyers. They should want the stock market to go down. They should want to buy at a lower price.”
(4) “We’ve done better by avoiding dragons than by slaying them.”
(5) “I found what I liked when I was in my twenties — or earlier. I found what I liked to eat. I found what kind of people I liked to associate with. I found what I like to do during the day, how I like to dress, what I like to watch on TV, and I’ve seen no reason to change it [just] because I got richer.”
(6) “If I were to give credit in terms of how I’ve done it in investments, my dad would be number one and Ben Graham would be number two. Charlie Munger would be number three.”
(7) “I have been shaped tremendously by Charlie. Boy, if I had listened only to Ben [Graham], would I ever be a lot poorer.”
(8) “When you find a really good business run by first-class people, chances are a price that looks high isn’t high. The combination is rare enough that it’s worth a pretty good price.”
(9) “I am a better investor because I am a businessman — and a better businessman because I am an investor.”
(10) “We don’t go into companies with the thought of effecting a lot of change. That doesn’t work any better in investments than it does in marriages.”
