In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal. — 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
I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the… — Warren Buffett Copy Share Image
Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price. — Warren Buffett Copy Share Image
Every company that has an economist working for him has one employee too many. — Warren Buffett Copy Share Image
The reaction of weak management to weak operations is often weak accounting. — Warren Buffett Copy Share Image
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. — Warren Buffett Copy Share Image
Buy into a company because you want to own it, not because you want the stock to go up. — Warren Buffett Copy Share Image
They say the chains of habit are too light to be felt until they are too heavy to be broken. The chains… — 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
An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if… — Warren Buffett Copy Share Image
I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive.… — 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
I am not in the business of predicting general stock market of business fluctuations. If you think I can do this, or… — Warren Buffett Copy Share Image
Cash, though, is to a business as oxygen is to an individual: never thought about when it is present, the only thing… — Warren Buffett Copy Share Image
When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it's the reputation… — 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
I won't close down a business of subnormal profitability merely to add a fraction of a point to our corporate returns. I… — Warren Buffett Copy Share Image
In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen… — 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
The value of market esoterica to the consumer of investment advice is a different story. In my opinion, investment success will not… — Warren Buffett Copy Share Image
The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is… — Warren Buffett Copy Share Image
If you understood a business perfectly and the future of the business, you would need very little in the way of a… — 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
Earnings can be pliable as putty when a charlatan heads the company reporting them. — 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
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective. — Warren Buffett Copy Share Image
I've often felt there might be more to be gained by studying business failures than business successes. — Warren Buffett Copy Share Image
In the insurance business, there is no statute of limitation on stupidity. — Warren Buffett Copy Share Image
In business, I look for economic castles protected by unbreachable 'moats'. — Warren Buffett Copy Share Image
What's nice about investing is you don't have to swing at every pitch. — 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
A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its… — 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
When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever. — Warren Buffett Copy Share Image
In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the… — Warren Buffett Copy Share Image
A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business,… — Warren Buffett Copy Share Image
Stocks of companies selling commodity-like products should come with a warning label: "Competition may prove hazardous to human wealth". — Warren Buffett Copy Share Image
Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and… — Warren Buffett Copy Share Image
I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is… — 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
