325+ Warren Buffett Quotes on Sucess, Business & Investment | Wishes2Send

Find Here List of 325+ Warren Buffett Quotes on Sucess, Business & Investment That will Make You Successful and Wise

Warren Buffett Quotes
Warren Buffett Quotes

Warren Edward Buffett is business tycoon, investor and philanthropist who serves as Chairman and CEO of Berkshire Hathaway.

He is also known as the "Oracle of Orama". Warren Buffett is one of the most successful investors of all time having total assets valued US $ 82 billion as of July 18, 2019. This makes him the 3rd Richest Person in the world.  

Apart from being a financial success, he has also earned the respect of leaders of all industries, due to his emphasis on business and living life with integrity.


Warren Buffett's quotes on Success, Business and Investments are also very popular. These success-related quotes can help us achieve success and motivate us in achieving our life goals.

Warren Buffett Quotes:

Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.

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We like to buy businesses, but we don’t like to sell them.

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Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.

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Just pick a broad index like the S&P 500. Don't put your money in all at once; do it over a period of time.

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Risk can be greatly reduced by concentrating on only a few holdings.

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We select such investments on a long-term basis, weighing the same factors as would be involved in the purchase of 100% of an operating business: (1) favorable long-term economic characteristics; (2) competent and honest management; (3) purchase price attractive when measured against the yardstick of value to a private owner; and (4) an industry with which we are familiar and whose long-term business characteristics we feel competent to judge.

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Investing is laying out money now to get more money back in the future.

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I call investing the greatest business in the world … because you never have to swing. You stand at the plate, the pitcher throws you General Motors at 47! U.S. Steel at 39! and nobody calls a strike on you. There’s no penalty except opportunity lost. All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it.

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When you combine ignorance and leverage, you get some pretty interesting results.

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The only time to buy these is on a day with no 'y' in it.

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Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.

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You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.

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You need to divorce your mind from the crowd. The herd mentality causes all these IQ’s to become paralyzed. I don’t think investors are now acting more intelligently, despite the intelligence. Smart doesn’t always equal rational. To be a successful investor you must divorce yourself from the fears and greed of the people around you, although it is almost impossible.

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We will have another bubble, but usually you don’t get it the same way you got it before.

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With few exceptions when a manager with a reputation for brilliance tackles a business with a reputation for poor economics, it is the reputation of the business which remains intact.

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Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.

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Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.

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The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.

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Risk comes from not knowing what you’re doing

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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.

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I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.

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

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Risk comes from not knowing what you’re doing.

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The difference between successful people and really successful people is that really successful people say no to almost everything.

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Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble

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I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one.

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Too-big-to-fail is not a fallback position at Berkshire. Instead, we will always arrange our affairs so that any requirements for cash we may conceivably have will be dwarfed by our own liquidity.

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A hyperactive stock market is the pickpocket of enterprise.

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The business schools reward complex behavior more than simple behavior, but simple behavior is more effective.

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Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.

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Cash combined with courage in a time of crisis is priceless.

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Buy into a company because you want to own it, not because you want the stock to go up.

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What an investor needs is the ability to correctly evaluate selected businesses. Note that word ‘selected’: You don’t have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.

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Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.

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I learned to go into business only with people whom I like, trust, and admire.

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Every saint has a past. Every sinner has a future.

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Rationality frequently wilts when the institutional imperative comes into play. 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.

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The most common cause of low prices is pessimism—some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It’s optimism that is the enemy of the rational buyer.

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The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.

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The Stock Market is designed to transfer money from the Active to the Patient.

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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.

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So smile when you read a headline that says ‘Investors lose as market falls.’ Edit it in your mind to ‘Disinvestors lose as market falls—but investors gain.’ Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other.

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Wide diversification is only required when investors do not understand what they are doing.

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Buy companies with strong histories of profitability and with a dominant business franchise.

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No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.

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Because if you're wrong and rates go to 2 percent, which I don't think they will, you pay it off. It's a one-way renegotiation. It is an incredibly attractive instrument for the homeowner and you've got a one-way bet.

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Games are won by players who focus on the playing field - not by those whose eyes are glued to the scoreboard.

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I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.

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I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.

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We’ve long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.

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Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.

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A horse that can count to ten is a remarkable horse—not a remarkable mathematician.

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Warren Buffett Quotes
Warren Buffett Quotes

The stock market is a device for transferring money from the impatient to the patient.

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Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without [integrity], you really want them to be dumb and lazy.

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An investor should act as though he had a lifetime decision card with just twenty punches on it.

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Success in investing doesn't correlate with IQ ... what you need is the temperament to control the urges that get other people into trouble in investing.

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The rich are always going to say that, you know, just give us more money and we’ll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.

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Smart doesn’t always equal rational. To be a successful investor you must divorce yourself from the fears and greed of the people around you, although it is almost impossible.

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Charlie and I view the marketable common stocks that Berkshire owns as interests in businesses, not as ticker symbols to be bought or sold based on their chart patterns, the target prices of analysts, or the opinions of media pundits.

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We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.

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

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You can't borrow money at 18 or 20 percent and come out ahead.

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...not doing what we love in the name of greed is very poor management of our lives.

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Warren Buffett Quotes
Warren Buffett Quotes

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.

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The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.

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Money is not everything. Make sure you earn a lot before speaking such nonsense.

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You're just hoping the next guy pays more. And you only feel you'll find the next guy to pay more if he thinks he's going to find someone that's going to pay more. You aren't investing when you do that, you're speculating.

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What we learn from history is that people don’t learn from history.

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Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.

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I’ve seen more people fail because of liquor and leverage — leverage being borrowed money. 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.

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In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don’t.

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Honesty is a very expensive gift, Don’t expect it from cheap people.

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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.

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You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment you’re making, or whatever it may be. And if it can’t stand applying pencil to paper, you’d better think it through some more. And if you can’t write an intelligent answer to those questions, don’t do it.

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By the age of 10, I’d read every book in the Omaha public library about investing, some twice. You need to fill your mind with various competing thoughts and decide which make sense. Then you have to jump in the water – take a small amount of money and do it yourself. Investing on paper is like reading a romance novel vs. doing something else. You’ll soon find out whether you like it. The earlier you start, the better.

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Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.

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It is not necessary to do extraordinary things to get extraordinary results.

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I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

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Predicting rain doesn’t count. Building arks does.

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When you have able managers of high character running businesses about which they are passionate, you can have a dozen or more reporting to you and still have time for an afternoon nap. Conversely, if you have even one person reporting to you who is deceitful, inept or uninterested, you will find yourself with more than you can handle.

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Since I know of no way to reliably predict market movements, I recommend that you purchase Berkshire shares only if you expect to hold them for at least five years. Those who seek short-term profits should look elsewhere.

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You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.

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Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.

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I measure success by how many people love me.

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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.

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

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I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

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Having first-rate people on the team is more important than designing hierarchies and clarifying who reports to whom.

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Widespread fear is your friend as an investor because it serves up bargain purchases.

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Buy a stock the way you would buy a house. Understand and like it such that you'd be content to own it in the absence of any market.

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Warren Buffett Quotes
Warren Buffett Quotes

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

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You won’t keep control of your time, unless you can say ‘no.’ You can’t let other people set your agenda in life.

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I don’t have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. It’s like I have these little pieces of paper that I can turn into consumption. If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GDP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing. I don’t do that though. I don’t use very many of those claim checks. There’s nothing material I want very much. And I’m going to give virtually all of those claim checks to charity when my wife and I die.

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Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.

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Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.

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On the margin of safety, which means, don't try and drive a 9,800-pound truck over a bridge that says it's, you know, capacity: 10,000 pounds. But go down the road a little bit and find one that says, capacity: 15,000 pounds.

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Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without [integrity], you really want them to be dumb and lazy.

----❉✤✾❉✤✾❉✤✾❉✤✾----

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.

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

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Stocks of companies selling commodity-like products should come with a warning label: Competition may prove hazardous to human wealth.

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We have long felt that the only value of stock forecasters is to make fortune-tellers look good.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I don’t measure my life by the money I’ve made. Other people might, but certainly don’t.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Warren Buffett Quotes
Warren Buffett Quotes

Help tomorrow, act today. Someone is sitting in the shade today because someone planted a tree a long time ago.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Naming the plane has not been easy. I initially suggested ‘The Charles T. Munger.’ Charlie countered with ‘The Aberration.’ We finally settled on ‘The Indefensible.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

----❉✤✾❉✤✾❉✤✾❉✤✾----

In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

----❉✤✾❉✤✾❉✤✾❉✤✾----

What is smart at one price is stupid at another.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Loss of focus is what most worries Charlie and me when we contemplate investing in businesses that in general look outstanding. All too often, we’ve seen value stagnate in the presence of hubris or of boredom that caused the attention of managers to wander.

----❉✤✾❉✤✾❉✤✾❉✤✾----

A prediction about the direction of the stock market tells you nothing about where stocks are headed, but a whole lot about the person doing the predicting.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Turnarounds seldom turn.

----❉✤✾❉✤✾❉✤✾❉✤✾----

In the 54 years (Charlie Munger and I) have worked together, we have never forgone an attractive purchase because of the macro or political environment, or the views of other people. In fact, these subjects never come up when we make decisions.

----❉✤✾❉✤✾❉✤✾❉✤✾----

You know ... you keep doing the same things and you keep getting the same result over and over again.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble

----❉✤✾❉✤✾❉✤✾❉✤✾----

Having firstrate people on the team is more important than designing hierarchies and clarifying who reports to whom

----❉✤✾❉✤✾❉✤✾❉✤✾----

If a business does well, the stock eventually follows.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If you like spending six to eight hours per week working on investments, do it. If you don't, then dollar-cost average into index funds.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If your employees, including your CEO, wish to give to their alma maters or other institutions to which they feel a personal attachment, we believe they should use their own money, not yours.

----❉✤✾❉✤✾❉✤✾❉✤✾----

We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'

----❉✤✾❉✤✾❉✤✾❉✤✾----

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I’m not interested in cars and my goal is not to make people envious. Don’t confuse the cost of living with the standard of living.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Someone’s sitting in the shade today because someone planted a tree a long time ago.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Stock Market Quotes: Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I am a better investor because I am a businessman, and a better businessman because I am an investor.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If you aren't thinking about owning a stock for ten years, don't even think about owning it for ten minutes.

----❉✤✾❉✤✾❉✤✾❉✤✾----

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 Quotes
Warren Buffett Quotes

What the wise do in the beginning, fools do in the end.

----❉✤✾❉✤✾❉✤✾❉✤✾----

You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in – in 2007, we just didn’t know it was uncertain. It was – uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn’t know it.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Warren Buffett Quotes
Warren Buffett Quotes

Tell me who your heroes are and I’ll tell you how you’ll turn out to be.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Never ask a barber if you need a haircut.You Never Need

----❉✤✾❉✤✾❉✤✾❉✤✾----

Only when the tide goes out to do you discover who’s been swimming naked.

----❉✤✾❉✤✾❉✤✾❉✤✾----

It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

----❉✤✾❉✤✾❉✤✾❉✤✾----

An investor needs to do very few things right as long as he or she avoids big mistakes.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Warren Buffett Quotes
Warren Buffett Quotes

Rule No. 1 : Never lose money. Rule No. 2 : Never forget Rule No. 1.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Be Fearful When Others Are Greedy and Greedy When Others Are Fearful

----❉✤✾❉✤✾❉✤✾❉✤✾----

We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it.

----❉✤✾❉✤✾❉✤✾❉✤✾----

In the business world, the rearview mirror is always clearer than the windshield.

----❉✤✾❉✤✾❉✤✾❉✤✾----

It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I really like my life. I’ve arranged my life so that I can do what I want.

----❉✤✾❉✤✾❉✤✾❉✤✾----

In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if they don't have the first, the other two will kill you.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Keep things simple and don't swing for the fences. When promised quick profits, respond with a quick no.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Stop trying to predict the direction of the stock market, the economy, interest rates, or elections.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Investors should remember that excitement and expenses are their enemies.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Nothing sedates rationality like large doses of effortless money.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Warren Buffett Quotes
Warren Buffett Quotes

The chains of habit are too light to be felt until they are too heavy to be broken.

----❉✤✾❉✤✾❉✤✾❉✤✾----

You shouldn’t own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Cash ... is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent

----❉✤✾❉✤✾❉✤✾❉✤✾----

I had a great teacher in life in my father. But I had another great teacher in terms of profession in terms of Ben Graham. I was lucky enough to get the right foundation very early on. And then basically I didn’t listen to anybody else. I just look in the mirror every morning and the mirror always agrees with me. And I go out and do what I believe I should be doing. And I’m not influenced by what other people think.

----❉✤✾❉✤✾❉✤✾❉✤✾----

For 240 years it's been a terrible mistake to bet against America, and now is no time to start.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Predicting rain doesn't count. Building arks does.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Wall Street is the only place that people drive to in a Rolls Royce to take advice from people who ride the subway.

----❉✤✾❉✤✾❉✤✾❉✤✾----

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

----❉✤✾❉✤✾❉✤✾❉✤✾----

A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.

----❉✤✾❉✤✾❉✤✾❉✤✾----

As happens in Wall Street all too often, what the wise do in the beginning, fools do in the end.

----❉✤✾❉✤✾❉✤✾❉✤✾----

It’s only when the tide goes out that you learn who has been swimming naked.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If you don’t feel comfortable owning something for 10 years, then don’t own it for 10 minutes.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If you buy things you do not need, soon you will have to sell things you need.

----❉✤✾❉✤✾❉✤✾❉✤✾----

It's better to have a partial interest in the Hope diamond than to own all of a rhinestone.

----❉✤✾❉✤✾❉✤✾❉✤✾----

It takes 20 years to build a reputation and five minuted to ruin it. If you think about that you’ll do things differently.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, that you’re still around to play the next day.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.

----❉✤✾❉✤✾❉✤✾❉✤✾----

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

----❉✤✾❉✤✾❉✤✾❉✤✾----

With enough insider information and a million dollars, you can go broke in a year.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Always invest for the long term.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If at first you do succeed, quit trying on investing.

----❉✤✾❉✤✾❉✤✾❉✤✾----

A public-opinion poll is no substitute for thought.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

----❉✤✾❉✤✾❉✤✾❉✤✾----

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.

----❉✤✾❉✤✾❉✤✾❉✤✾----

For some reason, people take their cues from price action rather than from values. What doesn’t work is when you start doing things that you don’t understand or because they worked last week for somebody else. The dumbest reason in the world to buy a stock is because it’s going up.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If each of us hires people who are smaller than we are, we shall become a company of dwarfs. But, if each of us hires people who are bigger than we are, we shall become a company of giants.

----❉✤✾❉✤✾❉✤✾❉✤✾----

For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments.

----❉✤✾❉✤✾❉✤✾❉✤✾----

The years ahead will occasionally deliver major market declines -- even panics -- that will affect virtually all stocks. No one can tell you when these traumas will occur.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I believe in giving my kids enough so they can do anything, but not so much that they can do nothing.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If you don’t find a way to make money while you sleep, you will work until you die.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I won't say if my candidate doesn't win, and probably half the time they haven't, I'm going to take my ball and go home

----❉✤✾❉✤✾❉✤✾❉✤✾----

No matter how great the talent or efforts, some things just take time.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Valuing a business is part art and part science.

----❉✤✾❉✤✾❉✤✾❉✤✾----

We will reject interesting opportunities rather than over-leverage our balance sheet.

----❉✤✾❉✤✾❉✤✾❉✤✾----

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

----❉✤✾❉✤✾❉✤✾❉✤✾----

We have learned to turn out lots of goods and services, but we haven't learned as well how to have everybody share in the bounty. The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Money to some extent sometimes let you be in more interesting environments. But it can’t change how many people love you or how healthy you are.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Cash never makes us happy, but it’s better to have the money burning a hole in Berkshire’s pocket than resting comfortably in someone else’s.

----❉✤✾❉✤✾❉✤✾❉✤✾----

You only have to do a very few things right in your life so long as you don’t do too many things wrong.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I won’t close down a business of subnormal profitability merely to add a fraction of a point to our corporate returns. I also feel it inappropriate for even an exceptionally profitable company to fund an operation once it appears to have unending losses in prospect. Adam Smith would disagree with my first proposition and Karl Marx would disagree with my second; the middle ground is the only position that leaves me comfortable.

----❉✤✾❉✤✾❉✤✾❉✤✾----

The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Someone is sitting in the shade today because someone planted a tree a long time ago.

----❉✤✾❉✤✾❉✤✾❉✤✾----

As Buffet said in the speech, He’s not looking at quarterly earnings projections, he’s not looking at next year’s earnings, he’s not thinking about what day of the week it is, he doesn’t care what investment research from any place says, he’s not interested in price momentum, volume or anything. He’s simply asking: What is the business worth?

----❉✤✾❉✤✾❉✤✾❉✤✾----

You can't produce a baby in one month by getting nine women pregnant.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Stay away from it. It's a mirage, basically...The idea that it has some huge intrinsic value is a joke in my view.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Diversification may preserve wealth, but concentration builds wealth.

----❉✤✾❉✤✾❉✤✾❉✤✾----

It's been an ideal period for investors: A climate of fear is their best friend. Those who invest only when commentators are upbeat end up paying a heavy price for meaningless reassurance.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Talking to Time Magazine a few years back, Peter Drucker got to the heart of things: ‘I will tell you a secret: Dealmaking beats working. Dealmaking is exciting and fun, and working is grubby. Running anything is primarily an enormous amount of grubby detail work . . . dealmaking is romantic, sexy. That’s why you have deals that make no sense.’

----❉✤✾❉✤✾❉✤✾❉✤✾----

The difference between successful people and really successful people is that really successful people say no to almost everything.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Never invest in a business you cannot understand.

----❉✤✾❉✤✾❉✤✾❉✤✾----

And so the important thing we do with managers, generally, is to find the .400 hitters and then not tell them how to swing.

----❉✤✾❉✤✾❉✤✾❉✤✾----

You’re dealing with a lot of silly people in the marketplace; it’s like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be O.K.

----❉✤✾❉✤✾❉✤✾❉✤✾----

You shouldn’t own common stocks if a 50% decrease in their value in a short period of time would cause you acute distress.

----❉✤✾❉✤✾❉✤✾❉✤✾----

When a management team with a reputation for brilliance joins a business with poor fundamental economics, it is the reputation of the business that remains intact.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Only when the tide goes out do you discover who’s been swimming naked.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Time is the friend of the wonderful company, the enemy of the mediocre.

----❉✤✾❉✤✾❉✤✾❉✤✾----

The first rule is not to lose. The second rule is not to forget the first rule.

----❉✤✾❉✤✾❉✤✾❉✤✾----

An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Derivatives are financial weapons of mass destruction.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Keep all your eggs in one basket, but watch that basket closely.

----❉✤✾❉✤✾❉✤✾❉✤✾----

By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.

----❉✤✾❉✤✾❉✤✾❉✤✾----

People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Chains of habit are too light to be felt until they are too heavy to be broken.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Failing conventionally is the route to go; as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press

----❉✤✾❉✤✾❉✤✾❉✤✾----

You can’t produce a baby in one month by getting nine women pregnant.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If you're in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Predicting rain doesn't count, building the ark does.

----❉✤✾❉✤✾❉✤✾❉✤✾----

With others, are likely to experience such a year.

----❉✤✾❉✤✾❉✤✾❉✤✾----

You can’t make a good deal with a bad person.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I think that both parties should declare the debt limit as a political weapon of mass destruction which can’t be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they’re not getting some other matter.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Many shall be restored that now are fallen and many shall fall that are now in honor.

----❉✤✾❉✤✾❉✤✾❉✤✾----

But then it dawned on me that the opinion of someone who is always wrong has its own special utility to decision-makers.

----❉✤✾❉✤✾❉✤✾❉✤✾----

There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. 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?

----❉✤✾❉✤✾❉✤✾❉✤✾----

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be a more productive than energy devoted to patching leaks.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Warren Buffett Quotes

The fact that people will be full of greed, fear, or folly is predictable. The sequence is not predictable.

----❉✤✾❉✤✾❉✤✾❉✤✾----

What counts for most people in investing is not how much they know, but rather how realistically they define what they don’t know.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If returns are going to be 7 or 8 percent and you're paying 1 percent for fees, that makes an enormous difference in how much money you're going to have in retirement.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it’s the lack of change that appeals to me. I don’t think it is going to be hurt by the Internet. That’s the kind of business I like.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.

----❉✤✾❉✤✾❉✤✾❉✤✾----

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

----❉✤✾❉✤✾❉✤✾❉✤✾----

Never give up searching for the job that you are passionate about

----❉✤✾❉✤✾❉✤✾❉✤✾----

I have no views as to where it (gold) will be, but the one thing I can tell you is it won't do anything between now and then except look at you. Whereas, you know, Coca-Cola will be making money, and I think Wells Fargo will be making a lot of money, and there will be a lot -- and it's a lot -- it's a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.

----❉✤✾❉✤✾❉✤✾❉✤✾----

There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. 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?

----❉✤✾❉✤✾❉✤✾❉✤✾----

It is a terrible mistake for investors with long-term horizons -- among them pension funds, college endowments, and savings-minded individuals -- to measure their investment 'risk' by their portfolio's ratio of bonds to stocks,

----❉✤✾❉✤✾❉✤✾❉✤✾----

Chains of habit are too light to be felt until they are too heavy to be broken.

----❉✤✾❉✤✾❉✤✾❉✤✾----

It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Watch this pickpocket! A hyperactive stock market is the pickpocket of enterprise.

----❉✤✾❉✤✾❉✤✾❉✤✾----

You do not adequately protect yourself by being half awake when other are sleeping.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Intensity is the price of excellence.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.

----❉✤✾❉✤✾❉✤✾❉✤✾----

When asked how he became so successful in investing, Buffett answered: ‘we read hundreds and hundreds of annual reports every year.

----❉✤✾❉✤✾❉✤✾❉✤✾----
Price is what you pay. Value is what you get.

----❉✤✾❉✤✾❉✤✾❉✤✾----

You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right – that’s the only thing that makes you right. And if your facts and reasoning are right, you don’t have to worry about anybody else.

----❉✤✾❉✤✾❉✤✾❉✤✾----

The investor of today does not profit from yesterday’s growth.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Honesty is a very expensive gift, don’t expect it from cheap people.

----❉✤✾❉✤✾❉✤✾❉✤✾----

When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.

----❉✤✾❉✤✾❉✤✾❉✤✾----

You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.

----❉✤✾❉✤✾❉✤✾❉✤✾----

One can best prepare themselves for the economic future by investing in your own education. If you study hard and learn at a young age, you will be in the best circumstances to secure your future.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Warren Buffett Quotes
Warren Buffett Quotes

We don’t have to be smarter than the rest. We have to be more disciplined than the rest.

----❉✤✾❉✤✾❉✤✾❉✤✾----

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.

----❉✤✾❉✤✾❉✤✾❉✤✾----

After 25 years of buying and supervising a great variety of businesses, Charlie and I have not learned how to solve difficult business problems. What we have learned is to avoid them.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I think that both parties should declare the debt limit as a political weapon of mass destruction which can't be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they're not getting some other matter.

----❉✤✾❉✤✾❉✤✾❉✤✾----

When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients.

----❉✤✾❉✤✾❉✤✾❉✤✾----

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

----❉✤✾❉✤✾❉✤✾❉✤✾----

If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.

----❉✤✾❉✤✾❉✤✾❉✤✾----

A climate of fear is your friend when investing; a euphoric world is your enemy.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that …I’m paying $32 billion today for the Coca Cola Company because… If you can’t answer that question, you shouldn’t buy it. If you can answer that question, and you do it a few times, you’ll make a lot of money.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a fly epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

----❉✤✾❉✤✾❉✤✾❉✤✾----

You never know who’s swimming naked until the tide goes out.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Speculation is most dangerous when it looks easiest.

----❉✤✾❉✤✾❉✤✾❉✤✾----

We want products where people feel like kissing you instead of slapping you.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Do a lot of reading. – on how to determine the value of a business

----❉✤✾❉✤✾❉✤✾❉✤✾----

I am not a businessman, I am an artist.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Warren Buffett Quotes
Warren Buffett Quotes

The most important investment you can make is in yourself.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Don't get caught up with what other people are doing. Being a contrarian isn't the key but being a crowd follower isn't either. You need to detach yourself emotionally.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If you’ve been playing poker for half an hour and you still don’t know who the patsy is, you’re the patsy.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.

----❉✤✾❉✤✾❉✤✾❉✤✾----

You never know who's swimming naked until the tide goes out.

----❉✤✾❉✤✾❉✤✾❉✤✾----

What the wise man does in the beginning, the fool does in the end.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Among the various propositions offered to you, if you invested in a very low cost index fund -- where you don't put the money in at one time, but average in over 10 years -- you'll do better than 90% of people who start investing at the same time.

----❉✤✾❉✤✾❉✤✾❉✤✾----

All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Warren Buffett Quotes
Warren Buffett Quotes

The best chance to deploy capital is when things are going down.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Many management [teams] are just deciding they're gonna buy X billions over X months. That's no way to buy things. You buy when selling for less than they are worth. ... It's not a complicated equation to figure out whether it is beneficial or not to repurchase shares.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.

----❉✤✾❉✤✾❉✤✾❉✤✾----

The one thing I will tell you is the worst investment you can have is cash. Everybody is talking about cash being king and all that sort of thing. Cash is going to become worth less over time. But good businesses are going to become worth more over time.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If you don't feel comfortable making a rough estimate of the asset's future earnings, just forget it and move on.

----❉✤✾❉✤✾❉✤✾❉✤✾----

In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.

----❉✤✾❉✤✾❉✤✾❉✤✾----

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I have pledged… to always run Berkshire with more than ample cash… I will not trade even a night’s sleep for the chance of extra profits.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Buy a business, don’t rent stocks.

----❉✤✾❉✤✾❉✤✾❉✤✾----

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

----❉✤✾❉✤✾❉✤✾❉✤✾----

There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.

----❉✤✾❉✤✾❉✤✾❉✤✾----

But a pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street — a community in which quality control is not prized — will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.

----❉✤✾❉✤✾❉✤✾❉✤✾----

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

----❉✤✾❉✤✾❉✤✾❉✤✾----

I am a better investor because I am a businessman and a better businessman because I am an investor.

----❉✤✾❉✤✾❉✤✾❉✤✾----

In the world of business, the people who are most successful are those who are doing what they love.

----❉✤✾❉✤✾❉✤✾❉✤✾----

It's only when the tide goes out that you learn who's been swimming naked.

----❉✤✾❉✤✾❉✤✾❉✤✾----

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.

----❉✤✾❉✤✾❉✤✾❉✤✾----

There seems to be some perverse human characteristic that likes to make easy things difficult

----❉✤✾❉✤✾❉✤✾❉✤✾----

It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.

----❉✤✾❉✤✾❉✤✾❉✤✾----

There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Enjoy your work and work for whom you admire.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I’ve seen more people fail because of liquor and leverage – leverage being borrowed money. 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.

----❉✤✾❉✤✾❉✤✾❉✤✾----

It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I buy expensive suits. They just look cheap on me.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Not doing what we love in the name of greed is the very poor management of our lives.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If past history was all that is needed to play the game of money, the richest people would be librarians.

----❉✤✾❉✤✾❉✤✾❉✤✾----

We will only do with your money what we would do with our own.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.

----❉✤✾❉✤✾❉✤✾❉✤✾----

The Greatest Enemies of Equity Investor are Expenses and Emotions.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes.

----❉✤✾❉✤✾❉✤✾❉✤✾----

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

----❉✤✾❉✤✾❉✤✾❉✤✾----

You could take all the gold that's ever been mined, and it would fill a cube 67 feet in each direction. For what it's worth at current gold prices, you could buy -- not some -- all of the farmland in the United States. Plus, you could buy 10 ExxonMobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?

----❉✤✾❉✤✾❉✤✾❉✤✾----

It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I just sit in my office and read all day

----❉✤✾❉✤✾❉✤✾❉✤✾----

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

----❉✤✾❉✤✾❉✤✾❉✤✾----

Writing a check separates a commitment from a conversation.

----❉✤✾❉✤✾❉✤✾❉✤✾----

What an investor needs is the ability to correctly evaluate selected businesses. Note that word selected: you don’t have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.

----❉✤✾❉✤✾❉✤✾❉✤✾----

I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

----❉✤✾❉✤✾❉✤✾❉✤✾----

This does not bother Charlie [Munger] and me. Indeed, we enjoy such price declines if we have funds available to increase our positions.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Read Ben Graham and Phil Fisher read annual reports, but don’t do equations with Greek letters in them.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Never give up searching for the job that you’re passionate about. Try to find the job you’d have if you were independently rich. Forget about the pay. When you’re associating with the people that you love, doing what you love, it doesn’t get any better than that.

----❉✤✾❉✤✾❉✤✾❉✤✾----

We don’t get paid for activity, just for being right. As to how long we will wait, we’ll wait indefinitely.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If you're smart, you're going to make a lot of money without borrowing.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Culture, more than rule books, determines how an organization behaves.

----❉✤✾❉✤✾❉✤✾❉✤✾----

When stock can be bought below a business's value it is probably the best use of cash.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Imagine that you had a car and that was the only car you’d have for your entire lifetime. Of course, you’d care for it well, changing the oil more frequently than necessary, driving carefully, etc. Now, consider that you only have one mind and one body. Prepare them for life, care for them. You can enhance your mind over time. A person’s main asset is themselves, so preserve and enhance yourself.

----❉✤✾❉✤✾❉✤✾❉✤✾----

There is nothing wrong with a ‘know nothing’ investor who realizes it. The problem is when you are a ‘know nothing’ investor but you think you know something.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Warren Buffett Quotes
Warren Buffett Quotes

Do not save what is left after spending; instead spend what is left after saving.

----❉✤✾❉✤✾❉✤✾❉✤✾----

If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio’s market value.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Do not take yearly results too seriously. Instead, focus on four or five-year averages.

----❉✤✾❉✤✾❉✤✾❉✤✾----

In a commodity business, it’s very hard to be smarter than your dumbest competitor.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Bitcoin has no unique value at all,

----❉✤✾❉✤✾❉✤✾❉✤✾----

We make no attempt to pick the few winners that will emerge from an ocean of unproven enterprises. We’re not smart enough to do that, and we know it. Instead, we try to apply Aesop’s 2,600-year-old equation to opportunities in which we have reasonable confidence as to how many birds are in the bush and when they will emerge.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Warren Buffett Quotes
Warren Buffett Quotes

You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.

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I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.

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You only have to do a very few things right in your life so long as you don’t do too many things wrong.

----❉✤✾❉✤✾❉✤✾❉✤✾----

Life is like a snowball. The important thing is finding wet snow and a really long hill.

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Our favorite holding period is forever.

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It’s not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income that causes trouble.

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If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes

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Half of all coin-flippers will win their first toss; none of those winners has an expectation of profit if he continues to play the game.

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The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.

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Volatility is not the same thing as risk, and anyone who thinks it is will cost themselves money.

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It’s us fun being a gorse when the tractor comes along, or the blacksmith when the car comes along.

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Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.

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Only when the tide goes out do you discover who’s been swimming naked.

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You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it.

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One thing that could help would be to write down the reason you are buying a stock before your purchase. Write down I am buying Microsoft at $300 billion because... Force yourself to write this down. It clarifies your mind and discipline.

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American business -- and consequently a basket of stocks -- is virtually certain to be worth far more in the years ahead.

----❉✤✾❉✤✾❉✤✾❉✤✾----

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Wishes2Send: 325+ Warren Buffett Quotes on Sucess, Business & Investment | Wishes2Send
325+ Warren Buffett Quotes on Sucess, Business & Investment | Wishes2Send
Find Here List of 325+ Warren Buffett Quotes on Sucess, Business & Investment That will Make You Successful and Wise
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