Donald Sterling Quotes

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

We buy too much stuff we just don't need. We're trying to look cute for next weekend when we ought to be thinking about the next decade.

Buy stocks like you buy your groceries, not like you buy your perfume.

Buy into good, well-researched companies and then wait. Let's call it a sit-on-your-hands investment strategy.

I love reading Warren Buffett's letters, and I love contrasting his words with his actions. He's a very wise guy.

Small, slow growth is the best I expect from an investment. I'm a real saver: frugal - like my parents.

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

I don't shop as much as I find.

I've been called Mr. Patient Money because I have the patience to work through challenging circumstances.

The person who I admire most in business is Warren Buffett. He is a long-term investor and has brilliant ideas, and he sticks to them.

Have rational expectations for future returns and avoid changing those expectations in response to the ephemeral noise coming from Wall Street.

Slow investing can have the same impact on startups that slow food has had on cuisine: good things come to those who wait.

Since I entered the league, half of my checks have always gone into a separate account... I pride myself on doing that. I've done it no matter the size of my contract or salary.

Don't live beyond your means. Don't buy more than you can pay for. Don't expect to get rich quick. And don't confuse salesmen for friends or advisers.

If you buy something because it's undervalued, then you have to think about selling it when it approaches your calculation of its intrinsic value. That's hard. But if you buy a few great companies, then you can sit on your ass. That's a good thing.

I used to, in the summertime, spend so much money doing a lot of fun stuff. Now, I'm actually consciously trying to save so we can live how we want to live after basketball. I've even sold a few things.

It's critical to have a disciplined investing approach and stick with it.

Sleeping in my office isn't very comfortable, but it's my choice to save for my daughter's college instead of spending money on a D.C. apartment.

I actually was able to give up shopping in February '99.

Investing is the greatest business in the world because you never have to swing. You stand at the plate; the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity. All day you wait for the pitch you like; then, when the fielders are asleep, you step up and hit it.

The pure administration of Graham-and-Doddery really needs a long-term lock-up like Warren Buffett has, or it will have occasional quite dreadful client problems.

People who never had enough thrift and forethought to buy and pay for property in the first place seldom have enough to keep property up after they have gained it in some other way.

Charlie and I decided long ago that in an investment lifetime, it's too hard to make hundreds of smart decisions. That judgment became ever more compelling as Berkshire's capital mushroomed and the universe of investments that could significantly affect our results shrank dramatically. Therefore, we adopted a strategy that required our being smart and not too smart at that, only a very few times. Indeed, we now settle for one good idea a year.

An amazing piece of advice for a lot of kids, 50-year-olds, whoever is listening right now: Saving money is a good strategy. I didn't have stuff, but it was because my parents were saving. They were saving. We didn't get toys. They told us to go outside and paint a rock. It was very, very smart because after seven or eight years, he was able to buy a liquor store of his own in Springfield, New Jersey - Shoppers Discount Liquors. He built up a great business.

Buy when everyone else is selling and hold until everyone else is buying. That's not just a catchy slogan. It's the very essence of successful investing.