2. "Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices"
3. "You are neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right – that's the only thing that makes you right. And if your facts and reasoning are right, you don't have to worry about anybody else."
4. "It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently."
5. "I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."
6. "Cash never makes us happy, but its better to have the money burning a hole in Berkshires pocket than resting comfortably in someone else."
7. "Its far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
8. "You ought to be able to explain why you're taking the job you're taking, why you're making the investment you're making, or whatever it may be. And if it cant stand applying pencil to paper, you'd better think it through some more. And if you cant write an intelligent answer to those questions, don't do it."
9. "Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it."
10. "The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price."
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