Warren Buffett Quotes

Calculate "owner earnings" to get a true reflection of value.

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

If you don't know the Jewelry, know the Jeweller

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

It's almost impossible to overpay the truly extraordinary CEO... but the species is rare.

I don't want to be on the other side of the table from the customer. I was never selling anything that I didn't believe in myself or use myself.

If you hit a hole in one every hole, you wouldn’t play golf for very long.

I can't promise results, but I can promise a common destiny.

In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.

... the best way to own common stocks is through an index fund.

I spend twelve hours a week - a little over 10% of my waking hours - playing the game. Now I am trying to figure out how to get by on less sleep in order to fit in a few more hands.

If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.

I'll bring my tax returns; you bring yours. I'll meet you anytime anywhere.

For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.

My father was the best person i've ever known.

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.

Equities will do well over time - you just have to avoid getting excited when other people are getting excited.

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.

Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow.

Focus alone is not enough; putting in the time to commit is also crucial to achieve success.

Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices.

Money will not change how healthy you are or how many people love you.

Take the job you would take if you were independently wealthy. You're going to do well at it.

A Company should be viewed as an unfolding movie, not as a still photograph

The Fed is the greatest hedge fund in history.

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

Buy stocks like you buy your groceries, not like you buy your perfume.

You should look at stocks as small pieces of business.

Mr. Market is your servant, not your guide.

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.

If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it back to you and say it can't be done.

We've got a wonderful economic formula in this country.

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

The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.

Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.

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

The woman that comes in, takes the wastebasket away, she's paying 15.3 or whatever it is on payroll tax alone. I mean it is - I never had it so good.

Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.

Too often, executive compensation in the U.S. is ridiculously out of line with performance. That won't change, moreover, because the deck is stacked against investors when it comes to the CEO's pay.

Never lie under any circumstances.

Take Wrigley's Chewing Gum. I don't think the Internet is going to change how people chew gum.

I'm the luckiest guy in the world in terms of what I do for a living. No one can tell me to do things I don't believe in or things I think are stupid.

In the end we must have people to match our principles, not the reverse.

You don't want 300 million Americans putting their money under the mattress.

I think confidence will come back.

I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life.

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 ingredients that made this country, you know, the miracle of the world - I mean we had a seven for one improvement in the average American standard of living in the 20th century.

The good thing is, we have household formation in this country. We have a country where I don't know whether it's a million households a year or more, but good form.

We have a terrific economy, it's like a great athlete that's had a cardiac arrest.