Warren Buffett says

“as happens in Wall Street all too often, what the wise do in the beginning, fools do in the end.”

—Warren Buffett

More from Warren Buffett

“Do not save what is left after spending; instead spend what is left after saving.”

—Warren Buffett

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

—Warren Buffett

“If you buy things you do not need, soon you will have to sell things you need.”

—Warren Buffett

“A good business is not always a good purchase - although it's a good place to look for one.”

—Warren Buffett

“It's only when the tide goes out that you learn who's been swimming naked.”

—Warren Buffett

“In the 54 years (Charlie Munger and I) have worked together, we have never forgone an attractive purchase because of the macro or political environment, or the views of other people. In fact, these subjects never come up when we make decisions.”

—Warren Buffett

“If you aren't thinking about owning a stock for ten years, don't even think about owning it for ten minutes.”

—Warren Buffett

“Writing a check separates a commitment from a conversation.”

—Warren Buffett

“Naming the plane has not been easy. I initially suggested ‘The Charles T. Munger.’ Charlie countered with ‘The Aberration.’ We finally settled on ‘The Indefensible.‘”

—Warren Buffett

“Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.”

—Warren Buffett