Entrepreneurs, Don’t miss these pearls of wisdom from Warren Buffett

My idea of a group discussion is to look in the mirror

   I don’t try to jump over seven-foot bars; i look for one-foot bars that i can step over 

  It is impossible to unsign a contract, so do all your thinking before you sign  

Rule no.1: Never lose money,
Rule no.2: Never forget rule no.1

Never ask a barber if you need a hair-cut 

You have to think for yourself. It always amazes me how IQ people mindlessly imitate. I never get good ideas talking to other people

I want to be able to explain my mistakes.This means i do only the things i completely understand  

 If you let yourself be undisciplined on the small things, you will probably be undisciplined about the large things as well  

The most important thing to do when you find yourself in a hole is to stop digging 

It takes 20 years to build a reputation and five minutes to lose it.If you think about that, you will do things differently 

via YourStory