10 Brilliant Quotes From Warren Buffett, America's Second-Richest PersonBits of wisdom from a powerhouse in business.

Whether it'sketchuporice creamor more recentlybatteries,Warren Buffett's Berkshire Hathaway is a powerhouse, managing a stable of more than 80 businesses. Its stock trades at更多的than $210,000 per share.

如果Berkshire Hathawayis legit, then Buffett -- the company's charismatic leader -- is the real deal in business. At age 84, the manhas a net worth of $66.8 billion, according to a recent report. Yes, you read that right.Billion. (Actually, it looks like he might beworth even morenow...)

Buffett is thesecond wealthiest individual in the U.S., behind Microsoft co-founder Bill Gates ($81.5 billion) and ahead of Oracle's Larry Ellison ($47.3 billion).

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Buffett is as brilliant in business and investing as he is inspiring. Here are 10 of his best quotes, collected from his many letters to Berkshire shareholders and elsewhere around the web. Enjoy.

1. Give your mind some clarity.

"I insist on a lot of time being spent, almost every day,to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life."

2. Never forget thy business basics.

"Price is what you pay.Value is what you get."

3. Know what you're getting into, before you get into it.

"It's far better to buy a wonderful company at a fair pricethan a fair company at a wonderful price."

4. Be smart -- and realistic.

"I try to buy stock in businesses that are so wonderful thatan idiot can run them. Because sooner or later, one will."

5. Don't fake it till you make it.

"After all, you only find outwho is swimming nakedwhen the tide goes out."

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6. Always know who you're dealing with.

"You can't make a good dealwith a bad person."

7. Act with honor and integrity.

"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that,you'll do things differently."

8. Value what's most important.

"Too often, a vast collection of possessionsends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends."

9. Hit the brakes when you need to.

"The most important thing to do if you find yourself in a hole is tostop digging."

10. Be bold. Be confident.

"I always knew I was going to be rich. Idon't think I ever doubted itfor a minute. "

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