--- title: "8 Forecasts Quotes By Warren Buffett" description: "8 Forecasts quotes by Warren Buffett. Plus more from Warren Buffett and more Forecasts sayings from other authors." image: "https://sms4smile.com/quotes/i/5ce/warren-buffett-183_behave_we-ve-long-felt-that-the-only-value-of-s_736482.jpg" --- > [We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I…](https://sms4smile.com/quotes/warren-buffett/we-ve-long-felt-that-the-only-value-of-stock-forecasters-is-to-make/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/5ce/warren-buffett-183_behave_we-ve-long-felt-that-the-only-value-of-s_736482.jpg) > [I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the…](https://sms4smile.com/quotes/warren-buffett/i-have-no-use-whatsoever-for-projections-or-forecasts-they-create-an/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/aea/warren-buffett-183_bright-future_i-have-no-use-whatsoever-for-projections_936731.png) > [Forecasts usually tell us more of the forecaster than of the forecast](https://sms4smile.com/quotes/warren-buffett/forecasts-usually-tell-us-more-of-the-forecaster-than-of-the-forecast/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/99a/warren-buffett-183_forecasts_forecasts-usually-tell-us-more-of-the-fo_1207692.png) > [Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.](https://sms4smile.com/quotes/warren-buffett/forecasts-may-tell-you-a-great-deal-about-the-forecaster-they-tell/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/a62/warren-buffett-183_deals_forecasts-may-tell-you-a-great-deal-abou_1266407.png) > [We will continue to ignore political and economic forecasts, which are an expensive distraction for many investors and businessmen. Thirty years ago,…](https://sms4smile.com/quotes/warren-buffett/we-will-continue-to-ignore-political-and-economic-forecasts-which-are/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/d75/warren-buffett-183_bills_we-will-continue-to-ignore-political-and_2102910.jpg) > [We have long felt that the only value of stock forecasters is to make fortune-tellers look good.](https://sms4smile.com/quotes/warren-buffett/we-have-long-felt-that-the-only-value-of-stock-forecasters-is-to-make/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/f8e/warren-buffett-183_buffets_we-have-long-felt-that-the-only-value-of_2546498.png) > [Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business…](https://sms4smile.com/quotes/warren-buffett/intrinsic-value-can-be-defined-simply-it-is-the-discounted-value-of-2/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/8d6/warren-buffett-183_business_intrinsic-value-can-be-defined-simply-it_2689507.png) > [I don't read economic forecasts. I don't read the funny papers.](https://sms4smile.com/quotes/warren-buffett/i-don-t-read-economic-forecasts-i-don-t-read-the-funny-papers/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/b47/warren-buffett-183_economic_i-don-t-read-economic-forecasts-i-don-t_3063754.png) ## More by Warren Buffett > [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…](https://sms4smile.com/quotes/warren-buffett/to-invest-successfully-over-a-lifetime-does-not-require-a/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [“Be fearful when others are greedy, and be greedy when others are fearful.”](https://sms4smile.com/quotes/warren-buffett/be-fearful-when-others-are-greedy-and-be-greedy-when-others-are/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose.](https://sms4smile.com/quotes/warren-buffett/making-money-isn-t-the-backbone-of-our-guiding-purpose-it-is-the-by/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [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…](https://sms4smile.com/quotes/warren-buffett/we-set-no-volume-goals-in-our-insurance-business-generally-and/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [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…](https://sms4smile.com/quotes/warren-buffett/everybody-s-got-a-different-circle-of-competence-the-important-thing/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [It is better to point out your own mistakes than have somebody else do it.](https://sms4smile.com/quotes/warren-buffett/it-is-better-to-point-out-your-own-mistakes-than-have-somebody-else/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [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…](https://sms4smile.com/quotes/warren-buffett/i-ve-read-about-all-the-sales-today-if-you-re-an-auto-dealer-you-re/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to…](https://sms4smile.com/quotes/warren-buffett/i-was-lucky-enough-to-be-born-in-a-time-and-place-where-society/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to…](https://sms4smile.com/quotes/warren-buffett/the-most-common-cause-of-low-prices-is-pessimism-some-times-pervasive/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The reaction of weak management to weak operations is often weak accounting.](https://sms4smile.com/quotes/warren-buffett/the-reaction-of-weak-management-to-weak-operations-is-often-weak/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [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.](https://sms4smile.com/quotes/warren-buffett/what-you-really-want-to-do-in-investments-is-figure-out-what-s/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I don't measure my life by the money I've made. Other people might, but certainly don't.](https://sms4smile.com/quotes/warren-buffett/i-don-t-measure-my-life-by-the-money-i-ve-made-other-people-might-but/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [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…](https://sms4smile.com/quotes/warren-buffett/i-mean-the-truth-is-i-ve-never-had-it-so-good-in-terms-of-taxes-i-am/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the…](https://sms4smile.com/quotes/warren-buffett/the-most-important-quality-for-an-investor-is-temperament-not/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate…](https://sms4smile.com/quotes/warren-buffett/investors-of-course-can-by-their-own-behavior-make-stock-ownership/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/forecasts/warren-buffett/#itemlist", "name": "8 Forecasts Quotes By Warren Buffett", "numberOfItems": 8, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "We've long felt that the only value of stock forecasters is to make fortune tellers look good. 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I don't read the funny papers.", "creator": { "@type": "Person", "name": "Warren Buffett" }, "url": "https://sms4smile.com/quotes/warren-buffett/i-don-t-read-economic-forecasts-i-don-t-read-the-funny-papers/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/b47/warren-buffett-183_economic_i-don-t-read-economic-forecasts-i-don-t_3063754.png", "contentUrl": "https://sms4smile.com/quotes/i/b47/warren-buffett-183_economic_i-don-t-read-economic-forecasts-i-don-t_3063754.png", "url": "https://sms4smile.com/quotes/i/b47/warren-buffett-183_economic_i-don-t-read-economic-forecasts-i-don-t_3063754.png", "width": 1080, "height": 1080, "caption": "“I don't read economic forecasts. 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