Warren Buffett stresses the importance of being more contrarian
Here are Buffett's 10 most inspirational quotes on money, investing and life.Zack's Advice: Too many people focus on upside. Don't forget about the downside.Zack's Advice: Focus on the value, not the price.“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.”“It's only when the tide goes out that you discover who's been swimming naked.
Zack's Advice: You can mitigate risk by getting informed. You're as good or better than the next person if you know what you're doing.“It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”“Our favorite holding period is forever.” Zack's Advice: When you have a long-term perspective, the daily movements are less important. That goes for investing as much as it does for life.“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”“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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