By - Money MaTTERS

" 12 Timeless Investment Pearls of Wisdom from Warren Buffett "

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

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"Do not save what is left after spending; instead spend what is left after saving."

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"Time is the friend of the wonderful company, the enemy of the mediocre."

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"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."

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"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."

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

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

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

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

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

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

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"I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business."

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