I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

Warren Buffett is famous for talking about the ‚intrinsic value‘ of stocks. But while many people parrot this phrase, few know what it really means.

The only question with wealth is, what do you do with it?

One of the reasons so many people get burned in the market is because they start buying as they see prices going up.

What we have to find is the right level of regulation of our financial system so that it has the incentive to invest in things, but at the same time, it is sufficiently regulated so it can’t get in the kind of trouble that we have seen in the past and we have seen recently.

It’s OK to have your eggs in one basket as long as you control what happens to that basket.

I just think people should invest in the world. Don’t invest in fashion, but invest in the world.

The time to save is now. When a dog gets a bone, he doesn’t go out and make a down payment on a bigger bone. He buries the one he’s got.

We can’t get to the $4 trillion in savings that we need by just cutting the 12 percent of the budget that pays for things like medical research and education funding and food inspectors and the weather service. And we can’t just do it by making seniors pay more for Medicare.

In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

If people want capital gains taxed more like the highest rate on income, that’s a good discussion. Maybe that’s the way to help close the deficit.

I think that a good mountaineer is usually a sensible mountaineer.

Watch your finances like a hawk.

Any time an investment company has to spend heavily on advertising, it’s probably a bad business in which to invest.

Money and investing can be complex, confusing, and often boring subjects.

I think any statement about stock prices is always suspect unless it’s made by Warren Buffett.

Our favorite holding period is forever.

Even the securest financial plan and the finest health coverage aren’t enough to hold us steady when the challenges come… We need something more, something deeper and unshakeable, something that will see us through life’s hard times.

We might come closer to balancing the Budget if all of us lived closer to the Commandments and the Golden Rule.

The rich continue to get rich the same way they always have – by understanding how money works and making their money work for them.

If a business does well, the stock eventually follows.

Investing for the poor requires participation from the entire community.

It’s rare for a startup to make money immediately, so you need to make sure that you have enough saved or that you have another income stream that can support you.

Money without brains is always dangerous.

First grade is very cheap. It’s the later grades where you have to spend a lot of money if you don’t do it right.

My number one thing? Don’t overleverage yourself. Don’t say you can do something when you really can’t.

During the Enron debacle, it was workers who took the pounding, not bankers. Not only did Enron employees lose their jobs, many lost their retirement savings. That’s because they were at the bottom of the investing food chain.

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

Wide diversification is only required when investors do not understand what they are doing.

In the world of money and investing, you must learn to control your emotions.

Demographics show that we are entering a battle between young and old. I call it the ‚Age War.‘ The young want to hang onto their money to grow their families, businesses, and wealth. The old want the tax and investment dollars of the young to sustain their old age.

Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.

An important priority for me is a business must get their own house in order. Be or become an agent of positive change in your own enterprise and adopt responsible practices to eliminate the risks that often lie at the root of inequality and poverty.

Why not invest your assets in the companies you really like? As Mae West said, ‚Too much of a good thing can be wonderful‘.

If you must invest in paper, learn to be an options trader. Then you will know how to make money whether the markets are going up or down.

Invest three percent of your income in yourself (self-development) in order to guarantee your future.

If you want to be a Millionaire, start with a billion dollars and launch a new airline.

The wise man does not expose himself needlessly to danger, since there are few things for which he cares sufficiently; but he is willing, in great crises, to give even his life – knowing that under certain conditions it is not worthwhile to live.

If there’s one thing that’s certain in business, it’s uncertainty.

It is not how much one makes but to what purpose one spends.

I have a problem with too much money. I can’t reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer.

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

An active investor is someone who actually lives off their investments as opposed to wages from a job.

Eight years involved with the nuclear industry have taught me that when nothing can possible go wrong and every avenue has been covered, then is the time to buy a house on the next continent.

I remember thinking quite logically that I didn’t want to spoil my children with wealth and so that I would create a foundation, but not knowing exactly what it would focus on.

Time is money.

Social Security’s not the hard one to solve. Medicare, that is the gorilla in the room, and you’ve got to put all of it on the table.

People who lie to themselves about investing are the same as overweight people who blame their genes for their obesity.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

I try to treat all the money I’m making like it’s the last time I’m going to make it.

Derivatives are financial weapons of mass destruction.

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

If I have cash and I can’t figure a way to put it into real estate or my business, I hold it in gold and silver.

Buy land. They ain’t making any more of the stuff.

Beware of little expenses. A small leak will sink a great ship.

We’ve got to put a lot of money into changing behavior.

If you don’t like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of the earnings from mutual funds support investment advisors‘ and mutual fund managers‘ retirement.

The rich don’t work for money – the rich invent money.

The investor of today does not profit from yesterday’s growth.

Giving should be entered into in just the same way as investing. Giving is investing.

A financial institution has the task of taking risks, and if it’s a well run institution – say, Goldman Sachs – it tries to cover the potential losses to itself, but only to itself.