The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price. — 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
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
A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem. — Warren Buffett Copy Share Image
We look for things I can understand. A lot of businesses I don't understand. — 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
Problems in a company are like cockroaches in the kitchen. You will never find just one — 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
In an inflationary world, a toll bridge (like company) would be a great thing to own because you've laid out the capital… — 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
Making money isn't the backbone of our guiding purpose; making money is the by-product of our guiding purpose. If you're doing something… — 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 always say that in investing you want to buy stock in a company that has a business that's so good that… — 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
The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high… — 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
In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business… — Warren Buffett Copy Share Image
I understand Goldman Sachs businesses. We do lot of business with him, and GE has been - I think it's the longest… — 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 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
So some guy may know how to make money in cocoa beans, but I don't so I just let him have that.… — 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
To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact,… — 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
The value of a business is the cash it's going to produce in the future. — 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
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
Time is the friend of the wonderful company, the enemy of the mediocre. — Warren Buffett Copy Share Image
Buy companies with strong histories of profitability and with a dominant business franchise. — 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
Your premium brand had better be delivering something special, or it's not going to get the business. — Warren Buffett Copy Share Image
Don't invest in pieces of papers (stocks), invest in great businesses underlying them — Warren Buffett Copy Share Image
I'd rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent. — Warren Buffett Copy Share Image
The single most important decision in evaluating a business is pricing power, — Warren Buffett Copy Share Image
Basically, the single-most important decision in evaluating a business is pricing power. — Warren Buffett Copy Share Image
Things you like to do should be a hobby of yours, but things the world does should be a business of yours. — Warren Buffett Copy Share Image
We've had public companies in the past in that business and they bleed. We've got a lot more blood than they do. — 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
