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
Who would think of buying or selling a private business because of someone's guess on the stock market? The availability of a… — Warren Buffett Copy Share Image
When Berkshire buys common stock, we approach the transaction as if we were buying into a private business. — Warren Buffett Copy Share Image
There is no question that an important service is provided to investors by investment companies, investment advisors, trust departments, etc. This service… — 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
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in… — 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
Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1. — Warren Buffett Copy Share Image
The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry -… — Warren Buffett Copy Share Image
Your premium brand had better be delivering something special, or it's not going to get the business. — Warren Buffett Copy Share Image
Well, one time some attractive woman sat next to Charlie and asked him what he owed his success to, and, unfortunately, she… — 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 should invest in a business that even a fool can run, because someday a fool will. — Warren Buffett Copy Share Image
If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful… — 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
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
You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an… — Warren Buffett Copy Share Image
Don't invest in pieces of papers (stocks), invest in great businesses underlying them — Warren Buffett Copy Share Image
Mark Zuckerberg will be a hero to many young entrepreneurs 20 years from now. Bill Gates will be a hero to others,… — 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
The value of a business is the cash it's going to produce in the future. — Warren Buffett Copy Share Image
After 25 years of buying and supervising a great variety of businesses, Charlie [Munger] and I have not learned how to solve… — 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
You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the… — 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 Image
“Be fearful when others are greedy, and be greedy when others are fearful.” — Warren Buffett Copy Share Image
Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose. — Warren Buffett Copy Share Image
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 Image
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 Image
It is better to point out your own mistakes than have somebody else do it. — Warren Buffett Copy Share Image
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 Image
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 Image
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 Image
The reaction of weak management to weak operations is often weak accounting. — Warren Buffett Copy Share Image
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 Image
I don't measure my life by the money I've made. Other people might, but certainly don't. — Warren Buffett Copy Share Image
