I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are gr… - Warren Buffett

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful

Reliance Insurance and Home Insurance were run into the ground, for example, their promises proved to be worthless.

As we look at the major acquisitions that others made during 1982, our reaction is not envy, but relief that we were non-participants. For in many of these acquisitions, managerial intellect wilted in competition with managerial adrenaline. The thrill of the chase blinded the pursuers to the consequences of the catch. Pascal’s observation seems apt: “It has struck me that all men’s

Just because Charlie and I can clearly see dramatic growth ahead for an industry does not mean we can judge what its profit margins and returns on capital will be as a host of competitors battle for supremacy. At Berkshire we will stick with businesses whose profit picture for decades to come seems reasonably predictable. Even then, we will make plenty of mistakes.