"With each investment you make, you should..." - Quote by Warren Buffett
With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock
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“I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice.You need to fill your mind with various competing thoughts and decide which make sense.”
“The American worker is more productive than he's ever been.”
“You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes”
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“A single year's performance is of minor importance and, good or bad, should never be taken seriously.”
“If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.”
“In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business by tricks of accounting or capital structure. The man claiming to be a financial alchemist may become rich. But gullible investors rather than business achievements will usually be the source of his wealth.”
More on Conviction
“Learning is the first step in making positive changes within yourself. Other factors are conviction, determination, action & effort. Learning & education help develop conviction about the need to change & increase your commitment. Conviction then develops into determination. Next, strong determination leads to action: a sustained effort to implement the changes. This final factor of effort is critical.”
“At any rate, cost what it may, to separate ourselves from those who separate themselves from the truth of God is not alone our liberty, but our duty.”
“Do what you believe to be right, and ever hold it for a maxim, that if the skies fall through your doing right, honest men will survive the ruin.”