Investing is laying out money now to get more money back in the future. — Warren Buffett Copy Share Image
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it. — Warren Buffett Copy Share Image
The dumbest reason in the world to buy a stock is because it's going up. — Warren Buffett Copy Share Image
We're still in a recession. We're not gonna be out of it for a while, but we will get out. — Warren Buffett Copy Share Image
The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient. — 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
Wall Street makes its money on activity. You make your money on inactivity. — Warren Buffett Copy Share Image
Lethargy, bordering on sloth should remain the cornerstone of an investment style. — Warren Buffett Copy Share Image
Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in… — Warren Buffett Copy Share Image
I think you'll have plenty of scrutiny as how the money's invested. I mean, just like the RFC. When the RFC operated,… — Warren Buffett Copy Share Image
I mean, in terms of alternatives, some people have suggested for example that why don't we - why isn't America doing what… — Warren Buffett Copy Share Image
The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we… — Warren Buffett Copy Share Image
Confidence in markets and in institutions, it's a lot like oxygen. When you have it, you don't even think about it. It's… — Warren Buffett Copy Share Image
If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one… — Warren Buffett Copy Share Image
It's a nightmare to administer some of this sort of thing, but I want to tell the shareholders of Berkshire, to the… — Warren Buffett Copy Share Image
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
It's quite clear that stocks are cheaper than bonds. I can't imagine anybody having bonds in their portfolio when they can own… — Warren Buffett Copy Share Image
Investors have to remember: corporate profits are going up, but stocks are going up faster. How can that continue indefinitely? Investors can… — Warren Buffett Copy Share Image
We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I… — Warren Buffett Copy Share Image
I've already written a section in the annual report for next year explaining why I think in one case that the figures… — 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
Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market… — Warren Buffett Copy Share Image
Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the… — Warren Buffett Copy Share Image
That goes back to 1932, although it was really implemented in '33 under Jesse Jones, and it invested in mostly banks initially… — Warren Buffett Copy Share Image
Don't invest in pieces of papers (stocks), invest in great businesses underlying them — Warren Buffett Copy Share Image
The greatest Enemies of the Equity investor are Expenses and Emotions. — Warren Buffett Copy Share Image
If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world. — Warren Buffett Copy Share Image
Buy companies with strong histories of profitability and with a dominant business franchise. — 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
... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near… — Warren Buffett Copy Share Image
Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a… — Warren Buffett Copy Share Image
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You… — Warren Buffett Copy Share Image
Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which… — 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
What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow… — Warren Buffett Copy Share Image
Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected… — Warren Buffett Copy Share Image
We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off… — Warren Buffett Copy Share Image
Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things… — Warren Buffett Copy Share Image
A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of… — Warren Buffett Copy Share Image
Wild swings in share prices have more to do with the "lemming- like" behaviour of institutional investors than with the aggregate returns… — 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
