At the age of 25, Warren began a limited stock market trading investment partnership. Warren was the general partner, and started with US$100. There were seven limited partners who contributed US$105,000 towards the stock market trading partnership. The limited partners received 6 percent annually on their investment and 75 percent of the profits above this target amount. Warren earned the other 25 percent. Over the course of the next thirteen year period, Warren compounded money at an annual rate of 29.5 percent through stock market trading activities. This was amazing, because during that same thirteen year period, the Dow Jones Industrial Average declined in value five different years within the same thirteen year period.
I always knew I was going to be rich. I don't think I ever doubted it for a minute.
I buy expensive suits. They just look cheap on me.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
Price is what you pay. Value is what you get.
The first rule is not to lose. The second rule is not to forget the first rule.
The only time to buy these is on a day with no "y" in it.
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