Warren Buffett Quotes & Wallpapers

Warren Buffett
Total Quotes: 1022


Diversification is protection against ignorance. It makes little sense if you know what you are doing. Warren Buffett

The dumbest reason in the world to buy a stock is because it's going up. Warren Buffett

I look for businesses in which I think I can predict what they're going to look like in ten to fifteen years time. Take Wrigley's chewing gum. I don't think the internet is going to change how people chew gum. Warren Buffett

The key to life is to figure out who to be the batboy for. Warren Buffett

When you get to my age, you"ll measure your success in life by how many of the people you want to have love you actually do love you. That's the ultimate test of how you"ve lived your life. Warren Buffett

Exercise humility and restraint. Warren Buffett

If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter. Warren Buffett

Ignore the stock market, ignore the economy, and buy a business you understand. Warren Buffett

Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble. Warren Buffett

I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say. Warren Buffett

Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem. Warren Buffett

Larger sums may be an advantage at some cases and a disadvantage at others. Warren Buffett

All but a few of the organizations do not specifically promise to deliver superior investment performance although it is perhaps not unreasonable for the public to draw such an inference from their advertised emphasis on professional management. Warren Buffett

The gross profits in many workouts appear quite small. It's a little like looking for parking meters with some time left on them. However, the predictability coupled with a short holding period produces quite decent average annual rates of return after allowance for the occasional substantial loss. Warren Buffett

More investment sins are probably committed by otherwise quite intelligent people because of "tax considerations" than from any other cause. One of my friends-a noted West Coast philosopher-maintains that a majority of life's errors are caused by forgetting what one is really trying to do. This is certainly the case when an emotionally supercharged element like taxes enters the picture (I have another friend-a noted East Coast philosopher who says it isn't the lack of representation he minds-it's the taxation). Warren Buffett

Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis. Warren Buffett

I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc. Warren Buffett

The optimum portfolio depends on the various expectations of choices available and the degree of variance in performance which is tolerable. The greater the number of selections, the less will be the average year-to-year variation in actual versus expected results. Also, the lower will be the expected results, assuming different choices have different expectations of performance. Warren Buffett

In earlier years, a lesser effort produced literally dozens of comparable opportunities. It is difficult to be objective about the causes for such diminution of one's own productivity. Three factors that seem apparent are: (1) a somewhat changed market environment; (2) our increased size; and (3) substantially more competition. Warren Buffett

We will prosper or suffer in controlled investments in relation to the operating performances of our businesses - we will not attempt to profit by playing various games in the securities markets. Warren Buffett

As one of my older friends says, "Nostalgia just isn't what it used to be." Let's take a stab at it, anyway. Warren Buffett

In fact, when we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever. Warren Buffett

I've reluctantly discarded the notion of my continuing to manage the portfolio after my death-abandoning my hope to give new meaning to the term thinking outside the box. Warren Buffett

The Noah rule: Predicting rain doesn't count; building arks does. Warren Buffett

it's a good idea to review past mistakes before committing new ones. Warren Buffett

I always knew I was going to be rich. I don't think I ever doubted it for a minute. Warren Buffett

I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material. Warren Buffett

I checked the actuarial tables, and the lowest death rate is among six-year-olds. So I decided to eat like a six-year-old. Warren Buffett

You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate. Warren Buffett

I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here. Warren Buffett

Value is what you get. Warren Buffett

Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time. Warren Buffett

The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table. Warren Buffett

When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever. Warren Buffett

I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty. Warren Buffett

I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood; in fact, if it occurswe will be selling life jackets to the unprepared. Warren Buffett

If you're in a card game and you can't figure out who the patsy is, you're it. Warren Buffett

Mark Zuckerberg will be a hero to many young entrepreneurs 20 years from now. Bill Gates will be a hero to others, and they will look to those [people] like I read books when I was in my teens about Rockefeller or Carnegie. Warren Buffett

Don't settle for anything other than your passion - if you're lucky enough to find it. Warren Buffett

The Happiest people DO NOT necessarily have the BEST THINGS. They simply APPRECIATE the things they have. Warren Buffett

Most investors, both institutional and individual, will find that the best way to own common stocks (shares') is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses) of the great majority of investment professionals. Warren Buffett

To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. You must supply the emotional discipline. Warren Buffett

The most important investment you can make is in yourself. Very few people get anything like their potential horsepower translated into the actual horsepower of their output in life. Potential exceeds realization for many people...The best asset is your own self. You can become to an enormous degree the person you want to be. Warren Buffett

If you want to shoot rare, fast-moving elephants, you should always carry a loaded gun. Warren Buffett

Money will always flow toward opportunity, and there is an abundance of that in America. Warren Buffett

If I subscribed to the efficient market theory I would still be delivering papers Warren Buffett

I may have more money than you, but money doesn't make the difference. If there is any difference between you and me, it may simply be that I get up and have a chance to do what I love to do, every day. If you learn anything from me, this is the best advice I can give you. Warren Buffett

If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices. Warren Buffett

We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters. Warren Buffett

We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing. Warren Buffett

If you know how to value businesses, it's crazy to own 50 stocks or 40 stocks or 30 stocks, probably because there aren't that many wonderful businesses understandable to a single human being in all likelihood. To forego buying more of some super-wonderful business and instead put your money into 30 or 35 on your list of attractiveness just strikes Charlie and me as madness. Warren Buffett

Well, one time some attractive woman sat next to Charlie and asked him what he owed his success to, and, unfortunately, she insisted on a one word answer. He had a speech prepared that would have gone on for several hours. But when forced to boil it down to one word, he said that was "rational". You know, he comes equipped for rationality, and he applies it in business. He doesn't always apply it elsewhere, but he applies it in business and that has made him a huge business success. Warren Buffett

I would say that life at 84, I am having as much fun as I've ever had in my life. I mean I get to do what I love every day with the people I love-and it just doesn't get any better than that. Warren Buffett

Very successful people say no to almost everything. Warren Buffett

I'm happy when I can spend every day doing the things that I like to do. That's my luxury. Warren Buffett

The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves-and the better the teacher, the better the student body. Warren Buffett

Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful". Warren Buffett

I get to do what I like to do every single day of the year. Warren Buffett

Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable. Warren Buffett

Intensity is the price of excellence. Warren Buffett

Too often, a vast collection of possessions ends up possessing its owner. Warren Buffett

In the long run managements stressing accounting appearance over economic substance usually achieve little of either. Warren Buffett

If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market. Warren Buffett

In that, we agreed with Andrew Carnegie, who said that huge fortunes that flow in large part from society should in large part be returned to society. In my case, the ability to allocate capital would have had little utility unless I lived in a rich, populous country in which enormous quantities of marketable securities were traded and were sometimes ridiculously mispriced. And fortunately for me, that describes the U.S. in the second half of the last century. Warren Buffett

There's no use running if you're on the wrong road. Warren Buffett

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

Optimism.. is the enemy of the rational buyer Warren Buffett

If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes. Warren Buffett

Investing is simple, but not easy. Warren Buffett

Nothing sedates rationality like large doses of effortless money. Warren Buffett



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