Buffet Bits

"It's only when the tide goes out that you learn who's been swimming naked."
“I’d be a bum on the street with a tin cup if the markets were always efficient.”
"I've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children."
"The fact that people will be full of greed, fear or folly is predictable. The sequence is not predictable."
"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."
"The stock market is a no-called-strike game. You don't have to swing at everything--you can wait for your pitch. The problem when you're a money manager is that your fans keep yelling, 'Swing, you bum!'"
"There seems to be some perverse human characteristic that likes to make easy things difficult."
"Someone's sitting in the shade today because someone planted a tree a long time ago."