Warren Buffett Quotes
- All Quotes
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After all, you only find out who is swimming naked when the tide goes out.
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If past history was all there was to the game, the richest people would be librarians.
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I like thinking big. I always have. To me it’s very simple: if you’re going to be thinking anyway, you might as well think big.
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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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Someone is sitting in the shade today because someone planted a tree a long time ago.
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Risk is a part of God's game, alike for men and nations.
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Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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Basically, when you get to my age, you'll really measure your success in life by how many of the people you want to have love you actually do love you.
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It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
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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.
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Derivatives are financial weapons of mass destruction.
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Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
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Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
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Beware of geeks bearing formulas.
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Risk comes from not knowing what you're doing.
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A public-opinion poll is no substitute for thought.
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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.
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Upon leaving the derivatives business, our feelings about the business mirrored a line in a country song: 'I liked you better before I got to know you so well.'
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We will reject interesting opportunities rather than over-leverage our balance sheet.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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Our favorite holding period is forever.
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The investor of today does not profit from yesterday's growth.
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Predicting rain doesn't count. Building arks does.