Warren Buffett Quotes

I never invest in anything that I don't understand.

If you're extremely rich, and you have got children, my theory was, you give them enough so they can do anything, but not enough so they can do nothing.

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

I know what I want to do and it makes sense to get going.

Very successful people say no to almost everything.

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

Derivatives are financial weapons of mass destruction.

The smartest side to take in a bidding war is the losing side.

Knowing what to leave out is just as important as knowing what to focus on.

It’s not that I want money. It’s the fun of making money and watching it grow.

You can be sure that over the next 10 years, you'll see something that you did not think was possible.

If the reason for doing something is that everyone else is doing it, it's not a good enough reason.

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

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

Investing is simple, but not easy.

Gold has two significant shortcomings, being neither of much use nor procreative.

You don't need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.

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

Don't risk what is important to you, to get what is not important to you.

I never try to predict the market.

When it's raining gold, reach for a bucket, not a thimble.

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

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.

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.

Things you like to do should be a hobby of yours, but things the world does should be a business of yours.

The best education you can get is investing in yourself, and that doesn't mean college or university.

Diversification may preserve wealth, but concentration builds wealth.

Never risk what you have and need for what we don't have and don't need.

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

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

You don't have to be a genius to invest well

Trust is like the air we breathe--when it's present, nobody really notices; when it's absent, everybody notices.

You have to be able to communicate in life and probably schools underemphasize that. If you can't talk to people or write, you're giving up your potential.

Be fearful when there is greed and be greedy when there is fear.

As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.

It is better to point out your own mistakes than have somebody else do it.

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

If a business does well, the stock eventually follows.

Good big decisions do not take time at all, if they do you are in trouble.

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

To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.

The most important quality for an investor is temperament, not intellect.

If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.

Look for companies with high profit margins.

It's much easier to stay out of trouble now than to get out of trouble later.

The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.

A CEO's behavior has a huge impact on managers down the line.

Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper for your friends and family to see.

A very rich person should leave his kids enough to do anything, but not enough to do nothing.

The value of a business is the cash it's going to produce in the future.