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
Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of… — 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
In a commodity business, it's very hard to be smarter than your dumbest competitor. — Warren Buffett Copy Share Image
Failing conventionally is the route to go; as a group, lemmings may have a rotten image, but no individual lemming has ever… — Warren Buffett Copy Share Image
I certainly have no desire to sell a good controlled business run by people I like and admire, merely to obtain a… — Warren Buffett Copy Share Image
The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're… — Warren Buffett Copy Share Image
Most business mistakes are irreversible setbacks, but you get another chance. There are two things in life that you don't get another… — Warren Buffett Copy Share Image
If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station - I'm… — 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
Ignore the stock market, ignore the economy, and buy a business you understand. — 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
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
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
The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to… — Warren Buffett Copy Share Image
I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With… — Warren Buffett Copy Share Image
The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or… — Warren Buffett Copy Share Image
In the insurance business, there is no statute of limitation on stupidity. — Warren Buffett Copy Share Image
I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We… — Warren Buffett Copy Share Image
John Maynard Keynes essentially said, don't try and figure out what the market is doing. Figure out a business you understand, and… — 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
Time is the friend of the wonderful business. It's the enemy of the lousy business. If you're in a lousy business for… — 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
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
