Quotable Quotes from letters of Warren Buffet

While reading through the Letters of Warren Buffet, I had underlined some quotes - nuggets of wisdom - and I thought it will be a good idea to share them here:

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Put all your eggs in one basket - and watch that basket. (Mark Twain - Pudden'head Wilson)

To finish first, you must first finish. (Indianapolis 500 winner)

More money, it has been noted, has been stolen with the point of a pen than at the point of a gun.

If each of us hires people who are smaller than we are, we shall become a company of dwarfs. (David Ogilvy)

The intellect should be a servant of the heart, but not its slave.

Its probably true that hard work never killed anyone, but I figure why take the chance. (Ronald Reagan)

Managers eager to bet heavily on their abilities usually have plenty of ability to bet on.

As they say in poker "if you have been in the game for 30 minutes and you don't know who the patsy is, you're the patsy".

In the short run the market is a voting machine but in the long run its a weighing machine. (Ben Graham)

Develop your eccentricities while you are young. That way, when you are old, people wont think that you are going ga-ga. (David Ogilvy)

You shape your houses and then they shape you. (Winston Churchill)

Every putt makes someone happy.

Give a man a fish and you feed him for a day. Teach him how to arbitrage and you feed him forever.

If something cant go on forever, it will end. (Herb Stein)

Fools rush in where angels fear to trade. (Ray DeVoe)

If at first you do succeed, quit trying.

Fools give you reasons, wise men never try.

Most men would rather die than think. Most do. (Bertrand Russell)

I cant understand why more people aren't bi-sexual. It doubles your chance of a date on Saturday night. (Woody Allen)

Eating my words has never given me indigestion. (Winston Churchill)

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

Bull markets can obscure mathematical laws but they cannot repeal them.

If earnings have been unwisely retained, its likely that the managers too have been unwisely retained.