A buffet of wisdom

Like the saying of some ancient Chinese, philosophers,
Warren Buffet’s worldly wisdom is deceptively simple and powerful in
application.

Buffet’s investments achievements are unparalleled. He owes
his success to hard work, integrity and that most elusive commodity of all —
common sense. Here are some of his smartest, funniest and very memorable
saying :

• 
  You can’t make a good deal with a bad person.

  
  




• The fact that people are full of greed, fear or folly is predictable. The
  sequence is not predictable.

  
  




• Never ask a barber if you need a haircut.

  
  




• In
  looking for someone to hire, you look for three qualities : integrity,
  intelligence and energy. But the most important is integrity because if they
  don’t have that, the other two qualities are going to kill you.

  
  




• With enough inside information and a million dollars you can go broke in a
  year.

  
  




• It
  is easier to stay out of trouble than it is to get out of trouble.

  
  




• You should invest your money in a business that even a fool can run, because
  someday a fool will !

  
  

(Source : From the book The Tao of Warren Buffett
by Mary Buffet and David Clark — quoted in ‘Fireside’ — The House magazine
of the Thermax Group Volume 39 No. 3 July-September, 2009)