Warren Buffett says

“calling someone who trades actively in the market an investor “is like calling someone who repeatedly engages in one-night stands a romantic.”

—Warren Buffett

More from Warren Buffett

“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”

—Warren Buffett

“Too often, a vast collection of possessions ends up possessing its owner.”

—Warren Buffett

“You can't produce a baby in one month by getting nine women pregnant.”

—Warren Buffett

“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

“What the wise man does in the beginning, the fool does in the end.”

—Warren Buffett

“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.”

—Warren Buffett

“You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideals come along, and I've had long dry spells. If I get an ideal next week, I'll do something. If not, I won't do a damn thing.”

—Warren Buffett

“The difference between successful people and very successful people is that very successful people say no to almost everything.”

—Warren Buffett

“I learned to go into business only with people whom I like, trust, and admire.”

—Warren Buffett

“You do not need to be terrifically smart to do well as an investor at all.”

—Warren Buffett