The most important quality for an investor is temperament, not intellect. — Warren Buffett Copy Share Image
You do not adequately protect yourself by being half awake when other are sleeping. — Warren Buffett Copy Share Image
Wide diversification is only required when investors do not understand what they are doing. — Warren Buffett Copy Share Image
If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering… — Warren Buffett Copy Share Image
Only when you combine sound intellect with emotional discipline do you get rational behavior. — 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
Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down. — Warren Buffett Copy Share Image
An investor should act as though he had a lifetime decision card with just twenty punches on it. — Warren Buffett Copy Share Image
We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous. — 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
We do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business… — Warren Buffett Copy Share Image
I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society… — Warren Buffett Copy Share Image
Success in investing doesn’t correlate with I.Q. Once you are above the level of 25; once you have ordinary intelligence, what you… — Warren Buffett Copy Share Image
The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the… — Warren Buffett Copy Share Image
My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as… — Warren Buffett Copy Share Image
With a wonderful business, you can figure out what will happen; you can't figure out when it will happen. You don't want… — Warren Buffett Copy Share Image
Confidence in markets and in institutions, it's a lot like oxygen. When you have it, you don't even think about it. It's… — Warren Buffett Copy Share Image
If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one… — Warren Buffett Copy Share Image
If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have… — 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
In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard. — 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
When you build a bridge, you insist that it can carry 30,000 pounds, but you only drive 10,000-pound trucks across it. And… — Warren Buffett Copy Share Image
The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we… — Warren Buffett Copy Share Image
The real fortunes in this country have been made by people who have been right about the business they invested in, and… — Warren Buffett Copy Share Image
We make investment decisions based on our evaluation of the most profitable combination of probabilities. — Warren Buffett Copy Share Image
Cash never makes us happy, but it's better to have the money burning a hole in Berkshire's pocket than resting comfortably in… — Warren Buffett Copy Share Image
When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year. — Warren Buffett Copy Share Image
We have long felt that the only value of stock forecasters is to make fortune-tellers look good. — Warren Buffett Copy Share Image
Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard. — Warren Buffett Copy Share Image
It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying… — Warren Buffett Copy Share Image
You're dealing with a lot of silly people in the marketplace; it's like a great big casino and everyone else is boozing.… — Warren Buffett Copy Share Image
Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation. — Warren Buffett Copy Share Image
What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow… — Warren Buffett Copy Share Image
Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected… — Warren Buffett Copy Share Image
Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk. — Warren Buffett Copy Share Image
I think the worst mistake you can make in stocks is to buy or sell based on current headlines, — 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
