Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of… — 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
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'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 find that the standard of living does not go up in proportion with the cost of living. The trick in life… — Warren Buffett Copy Share Image
The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because… — Warren Buffett Copy Share Image
[The U.S. Treasury] can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more… — Warren Buffett Copy Share Image
When somebody makes it very easy for you to do it by saying you don't really have to put up my money,… — Warren Buffett Copy Share Image
But, surprise - none of these blockbuster events made the slightest dent in Ben Graham's investment principles. Nor did they render unsound… — Warren Buffett Copy Share Image
If you invested in a very low cost index fund - where you don't put the money in at one time, but… — 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
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