Warren Buffett on Confidence Quotes

"Predicting rain doesn't count. Building arks does."

"I always knew I was going to be successful. I didn't have any doubt about that."

"The most important thing to do if you find yourself in a hole is to stop digging."

"Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble."

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

"Without passion, you don't have energy. Without energy, you have nothing."

"If past history was all there was to the game, the richest people would be librarians."

"The difference between successful people and really successful people is that really successful people say no to almost everything."

"Speculation is most dangerous when it looks easiest."

"If you are in a poker game and after 20 minutes you don't know who the patsy is, then you're the patsy."

"Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."

"You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells."

"Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future."

"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."

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

"The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd."

"You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right."

"What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact."

"Chains of habit are too light to be felt until they are too heavy to be broken."

"Risk comes from not knowing what you're doing."

"If you're in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%."

"If you let yourself be blown by the wind of public opinion, you're not going to be a very good investor."

"Price is what you pay. Value is what you get."

"Someone's sitting in the shade today because someone planted a tree a long time ago."

"In the world of business, the people who are most successful are those who are doing what they love."

"I don't look to jump over seven-foot bars; I look around for one-foot bars that I can step over."

"Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it."

"I can buy anything I want, basically, but I can’t buy time."

"You can't produce a baby in one month by getting nine women pregnant."

"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."

"Only when the tide goes out do you discover who's been swimming naked."

"You only have to do a very few things right in your life so long as you don't do too many things wrong."

"The stock market is a no-called-strike game. You don't have to swing at everything—you can wait for your pitch."