Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them. — Warren Buffett Copy Share Image
A very rich person should leave his kids enough to do anything, but not enough to do nothing. — Warren Buffett Copy Share Image
The important thing is to keep playing, to play against weak opponents and to play for big stakes. — Warren Buffett Copy Share Image
Market price, while used exclusively to value our investments in minority positions, is not a relevant factor when applied to our controlling… — Warren Buffett Copy Share Image
A prediction about the direction of the stock market tells you nothing about where stocks are headed, but a whole lot about… — Warren Buffett Copy Share Image
We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we… — Warren Buffett Copy Share Image
“If you aren't thinking about owning a stock for ten years, don't even think about owning it for ten minutes.” — Warren Buffett Copy Share Image
If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in… — Warren Buffett Copy Share Image
Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which… — Warren Buffett Copy Share Image
Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the… — Warren Buffett Copy Share Image
A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this… — Warren Buffett Copy Share Image
I'm not worried they're all about the investments we make. I mean, listen, this country - we've got $46,000 or $47,000 of… — Warren Buffett Copy Share Image
That goes back to 1932, although it was really implemented in '33 under Jesse Jones, and it invested in mostly banks initially… — Warren Buffett Copy Share Image
Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the… — Warren Buffett Copy Share Image
My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc.,… — Warren Buffett Copy Share Image
If you invested in a very low cost index fund - where you don't put the money in at one time, but… — Warren Buffett Copy Share Image
What an investor needs is the ability to correctly evaluate selected businesses. Note that word “selected”: You don't have to be an… — Warren Buffett Copy Share Image
You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is… — Warren Buffett Copy Share Image
Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things… — Warren Buffett Copy Share Image
But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently.… — Warren Buffett Copy Share Image
I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the… — Warren Buffett Copy Share Image
In our view, though, 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
Our system works. Over time, people will live better and better. We have a system that unleashes human potential, and now China… — 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… — Warren Buffett Copy Share Image
I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I… — Warren Buffett Copy Share Image
A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of… — Warren Buffett Copy Share Image
All but a few of the organizations do not specifically promise to deliver superior investment performance although it is perhaps not unreasonable… — Warren Buffett Copy Share Image
We will prosper or suffer in controlled investments in relation to the operating performances of our businesses - we will not attempt… — Warren Buffett Copy Share Image
We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price.… — Warren Buffett Copy Share Image
We need a tax system that essentially takes very good care of the people who just really aren't as well adapted to… — Warren Buffett Copy Share Image
In my opinion, the entire field of investment management, involving hundreds of billions of dollars, would be more satisfactorily conducted if everyone… — Warren Buffett Copy Share Image
Our marketable equities tell us by their operating results - not by their daily, or even yearly, price quotations - whether our… — Warren Buffett Copy Share Image
Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it's the lack of… — Warren Buffett Copy Share Image
One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as 'marketability' and 'liquidity,' sing… — 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. ...So we… — Warren Buffett Copy Share Image
AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market… — Warren Buffett Copy Share Image
Observing that the market was FREQUENTLY efficient, EMT Adherents went on to conclude incorrectly that it was ALWAYS efficient. The difference between… — Warren Buffett Copy Share Image
Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of… — Warren Buffett Copy Share Image
The financial calculus that Charlie and I employ would never permit our trading a good night's sleep for a shot at a… — Warren Buffett Copy Share Image
You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned… — 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
