Warren Buffett Quotes & Wallpapers

Warren Buffett
Total Quotes: 1001


[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head. Warren Buffett
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What the wise do in the beginning, fools do in the end. Warren Buffett
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Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two. Warren Buffett
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Earnings can be pliable as putty when a charlatan heads the company reporting them. Warren Buffett
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You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ. Warren Buffett
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I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. Warren Buffett
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Never invest in a business you can't understand Warren Buffett
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I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age? Warren Buffett
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Someone is sitting in the shade today because someone planted a tree a long time ago. Warren Buffett
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Rule No.1: Never lose money. Rule No.2: Never forget rule No.1. Warren Buffett
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Derivatives are financial weapons of mass destruction. Warren Buffett
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A public-opinion poll is no substitute for thought. Warren Buffett
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We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous. ...So we use lots of things daily that are dangerous, but we generally pay some attention to how they're used. We tell the cars how fast they can go. Warren Buffett
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But, surprise - none of these blockbuster events made the slightest dent in Ben Graham's investment principles. Nor did they render unsound the negotiated purchases of fine businesses at sensible prices. Imagine the cost to us, then, if we had let a fear of unknowns cause us to defer or alter the deployment of capital. Indeed, we have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist. Warren Buffett
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Our investments continue to be few in number and simple in concept: The truly big investment idea can usually be explained in a short paragraph. We like a business with enduring competitive advantages that is run by able and owner-oriented people. When these attributes exist, and when we can make purchases at sensible prices, it is hard to go wrong (a challenge we periodically manage to overcome). Warren Buffett
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Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper. Warren Buffett
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Someone's sitting in the shade today because someone planted a tree a long time ago. The person sitting in the shade now should be grateful for the person who planted and tended that tree. That includes all those benefactors of humanity throughout history that created, invented, financed, produced, maintained and improved all that we enjoy today. Warren Buffett
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If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, the more vulnerable the business is, assuming you still want to invest in it, the larger margin of safety you'd need. If you're driving a truck across a bridge that says it holds 10,000 pounds and you've got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay, but if it's over the Grand Canyon, you may feel you want a little larger margin of safety... Warren Buffett
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For example: (1) As if governed by Newton's First Law of Motion, an institution will resist any change in its current direction; (2) Just as work expands to fill available time, corporate projects or acquisitions will materialize to soak up available funds; (3) Any business craving of the leader, however foolish, will be quickly supported by detailed rate-of-return and strategic studies prepared by his troops; and (4) The behavior of peer companies, whether they are expanding, acquiring, setting executive compensation or whatever, will be mindlessly imitated. Warren Buffett
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Life is like a snowball. The important thing is finding wet snow and a really long hill. Warren Buffett
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A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them. Warren Buffett
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The purpose of life is to be loved by as many people as possible among those you want to have love you Warren Buffett
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If the reason for doing something is that everyone else is doing it, it's not a good enough reason. Warren Buffett
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Asking for financial advice from a financial planner is like asking a barber if you need a hair cut. Warren Buffett
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I've learned mainly by reading myself. So I don't think I have any original ideas. Certainly, I talk about reading Graham. I've read Phil Fisher. So I've gotten a lot of my ideas from reading. You can learn a lot from other people. In fact, I think if you learn basically from other people, you don't have to get too many new ideas on your own. You can just apply the best of what you see. Warren Buffett
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Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow. Warren Buffett
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The idea that you try to time purchases based on what you think business is going to do in the next year or two, I think that's the greatest mistake investors make because it's always uncertain. People say it's a time of uncertainty. It was uncertain on September 10th, 2001, people just didn't know it. It's uncertain every single day. So take uncertainty as part of being involved in investment at all. But uncertainty can be your friend. I mean, when people are scared they pay less for things. We try to price. We don't try to time at all. Warren Buffett
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It's easy to identify many investment managers with great recent records. But past results, though important, do not suffice when prospective performance is being judged. How the record has been achieved is crucial... Warren Buffett
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I just don't see anything available that gives any reasonable hope of delivering such a good year and I have no desire to grope around, hoping to 'get lucky' with other people's money. I am not attuned to this market environment, and I don't want to spoil a decent record by trying to play a game I don't understand just so I can go out a hero. Warren Buffett
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I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular field, but thought he should work for McKinsey for a few years first to add to his resume. To me that's like saving sex for your old age. It makes no sense. Warren Buffett
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Occasionally, a man must rise above principles. Warren Buffett
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Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price. Warren Buffett
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After 25 years of buying and supervising a great variety of businesses, Charlie [Munger] and I have not learned how to solve difficult business problems. What we have learned is to avoid them. To the extent we have been successful, it is because we have concentrated on identifying one-foot hurdles that we could step over rather than because we acquired any ability to clear seven-footers. Warren Buffett
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To be successful, you should concentrate on the world of companies, not arcane accounting mathematics. Warren Buffett
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What we really want to do is buy businesses that we would be happy to own forever. Warren Buffett
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We also believe candour benefits us as managers. The CEO who misleads often in public eventually misleads himself in private. Warren Buffett
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A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling. Warren Buffett
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The only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: "I'll buy a million dollars' worth of love." But it doesn't work that way. The more you give love away, the more you get. Warren Buffett
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The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard. Warren Buffett
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Stocks of companies selling commodity-like products should come with a warning label: "Competition may prove hazardous to human wealth". Warren Buffett
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I have a house that I bought 55 years ago. It's warm in the winter; it's cool in the summer. It has everything I wanted, plus it has all kinds of good memories. Like my kids, I have good thoughts about that. I can't imagine living any better. Warren Buffett
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In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass. Warren Buffett
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If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble. Warren Buffett
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If you are in the investment business and have an IQ of 150, sell 30 points to someone else. Warren Buffett
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A diamond cannot be polished without friction, nor a person perfected without trials. Someone is enjoying shade today because someone planted a tree a long time ago. Warren Buffett
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The secret to happiness is having low expectations. Warren Buffett
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Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation Warren Buffett
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You don't ever ask a barber whether you need a haircut. Warren Buffett
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To the perfect amount to leave children is enough money so that they would feel they could do anything, but not so much that they could do nothing. Warren Buffett
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Over the years, Charlie and I have observed many accounting-based frauds of staggering size. Few of the perpetrators have been punished; many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun. Warren Buffett
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After all, you only find out who is swimming naked when the tide goes out. Warren Buffett
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Long ago, Ben Graham taught me that Price is what you pay; value is what you get. Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down. Warren Buffett
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Upon leaving, our feelings about the business mirrored a line in a country song: I liked you better before I got to know you so well. Warren Buffett
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It irritates the hell out of me but you can't buy love. Warren Buffett
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What's nice about investing is you don't have to swing at every pitch. Warren Buffett
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If horses had controlled investment decisions, there would have been no auto industry. Warren Buffett
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I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that. Warren Buffett
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It's got to be the best intellectual exercise out there. You're seeing through new situations every ten minutes. In the stock market you don't base your decisions on what the market is doing, but on what you think is rational. Bridge is about weighing gain/loss ratios. You're doing calculations all the time. Warren Buffett
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Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate diversification, the payment of high and unnecessary fees to managers and advisors, and the use of borrowed money can destroy the decent returns that a life-long owner of equities would otherwise enjoy. Indeed, borrowed money has no place in the investor's tool kit. Warren Buffett
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If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio. Warren Buffett
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You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing. I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it. The other reason is I never thought I would be way happier when I had 2X instead of X. You ought to have a good time all the time as you go along. Warren Buffett
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... but the important thing is that when you do find one where you really do know what you are doing, you must buy in quantity.... Charlie and I have made a dozen or so very big decisions relative to net worth, although not as big as they should have been. And in each of those, we've known that we were almost certain to be right going in. Warren Buffett
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With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock Warren Buffett
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I don't need 15 houses. Owning real estate doesn't mean much to me. I don't like to think about things like that. I don't need 12 boats, or even the world's largest boat with a crew of 80. I'd have to take care of them, to worry about them. I get a lot more fun out of life without all the bells and whistles. Warren Buffett
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Someone's sitting in the shade today because someone planted a tree a long time ago. Warren Buffett
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Problems in a company are like cockroaches in the kitchen. You will never find just one Warren Buffett
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Read 500 pages every day. That's how knowledge works. It builds up like compound interest. Warren Buffett
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You should invest in a business that even a fool can run, because someday a fool will. Warren Buffett
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As far as you are concerned, the stock market does not exist. Ignore it. Warren Buffett
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Lethargy, bordering on sloth should remain the cornerstone of an investment style. Warren Buffett
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