By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals. — 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
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
A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem. — 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
We make investment decisions based on our evaluation of the most profitable combination of probabilities. — Warren Buffett Copy Share Image
If horses had controlled investment decisions, there would have been no auto industry. — Warren Buffett Copy Share Image
The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes.… — Warren Buffett Copy Share Image
People who watch their weight, golf scores, and fuel bills seem to shun quantitative evaluation of their investment management skills although it… — Warren Buffett Copy Share Image
I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And… — Warren Buffett Copy Share Image
It's easy to identify many investment managers with great recent records. But past results, though important, do not suffice when prospective performance… — Warren Buffett Copy Share Image
You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognize your… — Warren Buffett Copy Share Image
The most important investment you can make is in yourself. Very few people get anything like their potential horsepower translated into the… — Warren Buffett Copy Share Image
The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We… — Warren Buffett Copy Share Image
Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities,… — 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
The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently… — Warren Buffett Copy Share Image
Charlie and I decided long ago that in an investment lifetime, it's too hard to make hundreds of smart decisions. That judgment… — Warren Buffett Copy Share Image
Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't… — Warren Buffett Copy Share Image
More investment sins are probably committed by otherwise quite intelligent people because of "tax considerations" than from any other cause. One of… — Warren Buffett Copy Share Image
What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief… — 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
There are a few investment managers, of course, who are very good - though in the short run, it's difficult to determine… — 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
When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever. — Warren Buffett Copy Share Image
Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a… — Warren Buffett Copy Share Image
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You… — Warren Buffett Copy Share Image
There is no staff. I make all the investment decisions and I do all my own analysis. — Warren Buffett Copy Share Image
I am a better investor because I am a businessman, and a better businessman because I am no investor. — Warren Buffett Copy Share Image
Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised. — 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
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
Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in… — Warren Buffett Copy Share Image
You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment you’re making, or… — Warren Buffett Copy Share Image
Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying… — 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
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
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
