Just finished reading this investment guide book, & I feel so much more enlightened by the material inside compared to the stuff learnt in the 3-year finance degree! Warren Buffett's serious but light-hearted approach to his invesment philosophy is amply covered in the book, & really, there's no one out there who can touch his investment record. Anyway, just thought that I should share some of my favourite quotes (finance academics & student be warned: some of his comments would shatter whatever confidence you have built up from all those As scored in your Uni years!):

'Diversification is for the birds'

'I plan to keep working until 5 years after I die. I have given the Berkshire board members Ouija boards to stay in touch'

'In evaluating people, you look for 3 qualities: integrity, intelligence & energy. If you don't have the 1st one, the other 2 will kill you'

'Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing'

' I have enjoyed the process of making money far more than the proceeds'

Other notable quotes:

'The only time where success comes before work is in a dictionary'
- Vidal Sassoon (entrepreneur - hair care products?)

'Don't do anything until you know what you are doing'
- Jimmy Rogers, legendary investor

Comment: Highly recommended! Many examples given when these master investors have to make split second decisions, & how their 'unconscious competence' works in these cirscumstances. Eg. how George Soros became known as the 'Man who broke the Bank of England', etc