"To invest successfully over a lifetime does..." - Quote by Warren Buffett
To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. You must supply the emotional discipline.
More by Warren Buffett
“Look for 3 things in a person. Intelligence, Energy, & Integrity.If they don't have the last one, don't even bother with the first two.”
“The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.”
“You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.”
More on Investment
“Traditional investment vehicles such as IRAs, CDs, stocks and bonds do have their place, but for the rich, they are used more as temporary storage facilities rather than life-long homes.”
“We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean, if we buy these assets intelligently, the United States Treasury will make money. I mean, it's borrowing money. It's just a few percent a year.”
“The stock market has spoiled more appetites than bad cooking.”
More on Discipline
“Getting organized in the normal routines of life and finishing little projects you've started is an important first step toward realizing larger goals. If you can't get a handle on the small things, how will you ever get it together to focus on the big things?”
“Man's mind may be likened to a garden, which may be intelligently cultivated or allowed to run wild.”
“Do something everyday that you don't want to do.”