15 Timeless Insights from Warren Buffett to Create Wealth

Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.

"Someone’s sitting in the shade today because someone planted a tree a long time ago."

"If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes."

"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years."

"The most important quality for an investor is temperament, not intellect."

"The most important investment you can make is in yourself."

"It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

"Risk comes from not knowing what you are doing."

"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."

"The best chance to deploy capital is when things are going down."

"Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble."

"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway."

"Our favorite holding period is forever."

"The stock market is a device for transferring money from the impatient to the patient."

"Never depend on a single income. Make an investment to create a second source."