Two rules 1. Preserve the principal 2. When in doubt see Rule 1.
More Quotes from Warren Buffett:You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
What the wise do in the beginning, fools do in the end.
Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
Risk comes from not knowing what you're doing.
Let blockheads read what blockheads wrote.
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Let us move from the era of confrontation to the era of negotiation.
Richard M. Nixon
I love the freedom of movement that my phone gives me. That has definitely transformed my life.
Here in New England, the character is strong and unshakable.