Every month on the month, Less Wrong has a thread where we post Deep Wisdom from the Masters. I saw that nobody did this yet for December for some reason, so I figured I could do it myself.
* Please post all quotes separately, so that they can be voted up/down separately. (If they are strongly related, reply to your own comments. If strongly ordered, then go ahead and post them together.)
* "Do not quote yourself." --Tiiba
* Do not quote comments/posts on LW/OB. That's like shooting fish in a barrel. :)
* No more than 5 quotes per person per monthly thread, please.
-Warren E. Buffett
Source: 2002 annual letter to Berkshire shareholders, according to http://research.lifeboat.com/buffett_warns.htm and http://www.insurancejournal.com/magazines/southcentral/2002/03/25/editorsnote/19139.htm