Warren Buffett says

“If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.”

—Warren Buffett

More from Warren Buffett

“I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.”

—Warren Buffett

“The best investment you can make is in yourself.”

—Warren Buffett

“You know ... you keep doing the same things and you keep getting the same result over and over again.”

—Warren Buffett

“Risk comes from not knowing what you're doing”

—Warren Buffett

“A public-opinion poll is no substitute for thought.”

—Warren Buffett

“In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't.”

—Warren Buffett

“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.”

—Warren Buffett

“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.”

—Warren Buffett

“People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.”

—Warren Buffett

“If you don't find a way to make money while you sleep, you will work until you die.”

—Warren Buffett