Invest in cashflow (money coming in).
Diversification is protection against ignorance. It makes little sense for those who know what they are doing.
In investing, it’s a mistake to try to make it back by the way you lost it.
Predicting rain doesn’t count, building arks does. You can spend a long time building an ark, while everybody else is enjoying the sun.
Judge financial decisions by wealth and personal value, not gains and losses.
Auction: what you won is the right to pay more for something that everyone else thought it was worth paying for.
If we don’t know what will happen in the future, we give up. We only buy business about which we’re quite certain – Warren Buffet
In business and investing it’s usually far more profitable to simple stick with the easy and obvious.
Investing: where will the company be in 10 years?
Every big expense: Ask yourself: is it worth 4x as much? Because so much you get when you invest the money for 20 years.
Don’t learn the spending before the earning end of business.
Money talks – but not unless its owner has a loose tongue, and then its remarks are always offensive. Poverty talks, too, but nobody wants to hear what it has to say.
It’s easy for a man who thinks he’s all right to go all wrong when he sees a couple of hundred dollars lying around loose a little to one side of the straight and narrow path; and that when he reaches down to pick up the money there’s usually a string tied to it and a small boy in the bushes to give it a yank. Easy-come money never draws interest; easy-borrowed dollars pay exorbitant rate or amount of interest.