Time is the friend of the wonderful company, the enemy of the mediocre. — Warren Buffett Copy Share Image
Buy companies with strong histories of profitability and with a dominant business franchise. — Warren Buffett Copy Share Image
In the business world, the rearview mirror is always clearer than the windshield. — Warren Buffett Copy Share Image
What we really want to do is buy businesses that we would be happy to own forever. — Warren Buffett Copy Share Image
In the long run managements stressing accounting appearance over economic substance usually achieve little of either. — Warren Buffett Copy Share Image
A Company should be viewed as an unfolding movie, not as a still photograph — Warren Buffett Copy Share Image
Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices — Warren Buffett Copy Share Image
I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one… — Warren Buffett Copy Share Image
I am not in the business of predicting general stock market of business fluctuations. If you think I can do this, or… — Warren Buffett Copy Share Image
The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses. — Warren Buffett Copy Share Image
When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation… — Warren Buffett Copy Share Image
Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and… — Warren Buffett Copy Share Image
Stocks of companies selling commodity-like products should come with a warning label: "Competition may prove hazardous to human wealth". — Warren Buffett Copy Share Image
I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is… — Warren Buffett Copy Share Image
An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions… — Warren Buffett Copy Share Image
We try to buy businesses with good-to-superb underlying economics run by honest and able people and buy them at sensible prices. That's… — Warren Buffett Copy Share Image
The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified… — Warren Buffett Copy Share Image
None of this means, however, that a business or stock is an intelligent purchase simply because it is unpopular; a contrarian approach… — Warren Buffett Copy Share Image
Our investments continue to be few in number and simple in concept: The truly big investment idea can usually be explained in… — Warren Buffett Copy Share Image
Investing is the greatest business in the world because you never have to swing. You stand at the plate; the pitcher throws… — Warren Buffett Copy Share Image
The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that… — Warren Buffett Copy Share Image
I make no effort to predict the course of general business or the stock market. Period. However, currently there are practices snowballing… — Warren Buffett Copy Share Image
I understand Goldman Sachs businesses. We do lot of business with him, and GE has been - I think it's the longest… — Warren Buffett Copy Share Image
As I have mentioned before, we cannot make the same sort of money out of permanent ownership of controlled businesses that can… — Warren Buffett Copy Share Image
Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business. — Warren Buffett Copy Share Image
Ignore the stock market, ignore the economy, and buy a business you understand. — Warren Buffett Copy Share Image
We look for things I can understand. A lot of businesses I don't understand. — Warren Buffett Copy Share Image
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. — Warren Buffett Copy Share Image
The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price. — Warren Buffett Copy Share Image
A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem. — Warren Buffett Copy Share Image
The typical large company has a compensation committee, They don't look for Dobermans on that committee, they look for chihuahuas. — Warren Buffett Copy Share Image
If you understood a business perfectly and the future of the business, you need very little in the way of a margin… — Warren Buffett Copy Share Image
A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its… — Warren Buffett Copy Share Image
What's nice about investing is you don't have to swing at every pitch. — Warren Buffett Copy Share Image
Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper. — Warren Buffett Copy Share Image
In business, I look for economic castles protected by unbreachable 'moats'. — Warren Buffett Copy Share Image
In the insurance business, there is no statute of limitation on stupidity. — Warren Buffett Copy Share Image
To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual… — Warren Buffett Copy Share
“Be fearful when others are greedy, and be greedy when others are fearful.” — Warren Buffett Copy Share
Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose. — Warren Buffett Copy Share
We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are… — Warren Buffett Copy Share
Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the… — Warren Buffett Copy Share
It is better to point out your own mistakes than have somebody else do it. — Warren Buffett Copy Share
I've read about all the sales today. If you're an auto dealer, you're feeling it. If you're a furniture retailer like we are, you're… — Warren Buffett Copy Share
I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to… — Warren Buffett Copy Share
The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to… — Warren Buffett Copy Share
The reaction of weak management to weak operations is often weak accounting. — Warren Buffett Copy Share
What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it. — Warren Buffett Copy Share
I don't measure my life by the money I've made. Other people might, but certainly don't. — Warren Buffett Copy Share
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… — Warren Buffett Copy Share
The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the… — Warren Buffett Copy Share
Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate… — Warren Buffett Copy Share
