Warren Buffett

There is a huge difference between the business that grows and requires lots of capital to do so and the business that grows and doesn’t require capital.

Management changes, like marital changes, are painful, time consuming and chancy.

Would you rather be the world’s greatest lover and have everyone think that you are the world’s worst lover? Or would you rather be the world’s worst lover and have everyone think that you are the world’s best lover?

A true leader follows the beat of his or her own drummer, while a bureaucrat bends to the perceived wishes of others.

The perfect manager is someone who gets up in the morning thinking about the business and at night is dreaming about the business. Obsession is the price for perfection.

The really good business manager doesn’t wake up in the morning and say, “this is the day i am going to cut costs,” any more than he wakes up and decides to practice breathing.”

I make plenty of mistakes and I’ll make plenty more mistakes, too. That’s part of the game. You’ve just got to make sure that the right things overcome the wrong ones.

Mistakes are part of the past, and short of remembering their lessons, I say that they should stay there, since all the money to be made is somewhere in the future.

Borrowing less and saving more is the path to riches and to sleeping well at night. Borrowing more and saving less leads to wild times and bread lines.