Here are some of Warren Buffett's most famous quotes:

Here are some of Warren Buffett's most famous quotes:

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

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

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

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

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

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

"The stock market is a device for transferring money from the impatient to the patient."

"I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over."

"The best thing I ever did was choose the right heroes."

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

"Our favorite holding period is forever."

"If you aren't thinking about owning a stock for 10 years, don't even think about owning it for 10 minutes."

"Price is what you pay, value is what you get, and whether something is expensive or not depends on what it's worth to you."

"It's not about being right, it's about being profitable."

"The most important investment you can make is in yourself."

"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 business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective."

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

The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage."

"The best investment you can make is in your own abilities."