Warren Buffett Quotes – Part 21

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.

It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.

It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

It’s not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income that causes trouble.

It’s fun being a gorse when the tractor comes along, or the blacksmith when the car comes along.

It’s never paid to bet against America. We come through things, but its not always a smooth ride.

I’ve seen more people fail because of liquor and leverage – leverage being borrowed money. You really don’t need leverage in this world much. If you’re smart, you’re going to make a lot of money without borrowing.

Keep all your eggs in one basket, but watch that basket closely.

Let blockheads read what blockheads wrote.

Life is like a snowball. The important thing is finding wet snow and a really long hill.