Warren Buffett Quotes

Your premium brand had better be delivering something special, or it's not going to get the business.

If you are a professional and have confidence, then I would advocate lots of concentration.

When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.

We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.

Time is your friend, impulse is your enemy. Take advantage of compound interest and don't be captivated by the siren song of the market.

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.

There is no substitute for a local newspaper that is doing its job.

If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.

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

I don't read economic forecasts. I don't read the funny papers.

Anyone who believes a growth rate in excess of 15% per annum over the long term is attainable should pursue a career in sales, but avoid one in mathematics.

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.

We're still in a recession. We're not gonna be out of it for a while, but we will get out.

Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero.

What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.

There is no staff. I make all the investment decisions and I do all my own analysis.

They say the chains of habit are too light to be felt until they are too heavy to be broken. The chains you put around yourself now have enormous consequences as you go through life.

Growth and value investing are joined at the hip.

We don't read other people's opinions. We want to get the facts, and then think.

The most important thing in terms of your circle of competence is not how large the area of it is, but how well you've defined the perimeter.

If knowing history made you rich, librarians would be billionaires.

A lot of people disagree with me on this, I believe in mark to market.

I'd rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.

In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.

Lethargy, bordering on sloth should remain the cornerstone of an investment style.

What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.

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

All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it.

How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.

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

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

I measure success by how many people love me. And the best way to be loved is to be lo veable.

The purpose of life is to be loved by as many people as possible among those you want to have love you

It is impossible to unsign a contract, so do all your thinking before you sign.

Investing requires qualities of temperament way more than it requires qualities of intellect.

We look for things I can understand. A lot of businesses I don't understand.

Problems in a company are like cockroaches in the kitchen. You will never find just one

Benign neglect, bordering on sloth, remains the hallmark of our investment process.

Nothing sedates rationality like large doses of effortless money.

Investors should remember that excitement and expenses are their enemies.

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.

Every day that goes by, I mean, if you don't react to Pearl Harbor for a week or two weeks or three weeks, you're behind in the war that you otherwise would have fought.

There are certain things that cannot be adequately explained to a virgin either by words or pictures.

If you have a harem of 40 women, you never get to know any of them very well.

You don't ever ask a barber whether you need a haircut.

I think the FDIC was one of the great inventions of the American.

Managers that always promise to 'make the numbers' will at some point be tempted to make up the numbers.

The dominant factors affecting control valuations are earning power (past and prospective) and asset values.

I have no idea on timing. It’s easier to tell what will happen than when it will happen. I would say that what is going on in terms of trade policy is going to have very important consequences.

Beware [of] the investment activity that produces applause; the great moves are usually greeted by yawns.