Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
More Quotes from Warren Buffett:
The only time to buy these is on a day with no "y" in it.Warren Buffett
Our favorite holding period is forever.
Warren Buffett
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
Warren Buffett
Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
Warren Buffett
The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
Warren Buffett
Two rules 1. Preserve the principal 2. When in doubt see Rule 1.
Warren Buffett
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