Warren Buffett Quotes

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.

At age 19, I read a book [The Intelligent Investor] and what I'm doing today, at age 76, is running things through the same thought process I learned from the book I read at 19.

If you can't communicate and talk to other people and get across your ideas, you're giving up your potential.

Invest in as much of yourself as you can, you are your own biggest asset by far.

The thing to do is to keep your mind when the world around you is losing theirs.

In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.

An IPO is like a negotiated transaction - the seller chooses when to come public - and it's unlikely to be a time that's favourable to you.

Bull markets and Bear markets can obscure mathematical laws, they cannot repeal them.

It's never paid to bet against America. We come through things, but its not always a smooth ride.

When investing, pessimism is your friend, euphoria the enemy.

A public-opinion poll is no substitute for thought.

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

Investing is forgoing consumption now in order to have the ability to consume more at a later date.

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

John Maynard Keynes essentially said, don't try and figure out what the market is doing. Figure out a business you understand, and concentrate.

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.

Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.

There is seldom just one cockroach in the kitchen. You know, you turn on the light and, all of sudden, they all start scurrying around.

Of our 49 billion, we haven't moved any to Bitcoin

The extraordinary business does not require good management.

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

Never invest in a business you don't understand.

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.

It is madness to risk losing what you need in pursuing what you simply desire.

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

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

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

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.

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

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

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 OK.

A fool and his money are soon invited everywhere.

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.

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

The plan itself is opportunism. There is no plan before that.

Bad terminology is the enemy of good thinking.

I choose to work with every single person that I work with. That ends up being the most important factor. I don't interact with people I don't like or admire. That's the key. It's like marrying.

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

I look at everything. That's my job. I really do, every day. I think about everything.

Focus on return on equity, not earnings per share.

Buy a business, don't rent stocks.

The [stock] market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.

Turnarounds seldom turn.

You need a lot of curiosity for a long, long time.

Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.

Like I say, I don't think it'll be done perfectly. Maybe we'll end up with a little bit better [economy] system.

The ability to say no is a tremendous advantage for an investor.

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.

A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth.

If you have a great manager, you want to pay him very well.