Time is the friend of the wonderful company, the enemy of the mediocre.
More Quotes from Warren Buffett:Only when the tide goes out do you discover who's been swimming naked.
Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
We enjoy the process far more than the proceeds.
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
You have to learn to understand your partner, to be tolerant, sympathetic, encouraging. Those are skills that are not bad to have in life.
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
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We want to obviously foster a relationship that we're a partner with states; that we all share the same goals of closing the achievement gap, just as the Congress does; and that we're practical and sophisticated enough to understand what they're talking about.
I would travel only by horse, if I had the choice.
And generally the shows I'm in fail really big.