Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if… — Warren Buffett Copy Share Image
If knowing history made you rich, librarians would be billionaires. — Warren Buffett Copy Share Image
If you can eliminate the government as a 39.6% partner, then you will be much better off. — Warren Buffett Copy Share Image
Time is the friend of the wonderful business. It's the enemy of the lousy business. If you're in a lousy business for… — Warren Buffett Copy Share Image
If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary… — Warren Buffett Copy Share Image
With housing it's something even more dramatic than that, because most people aspire to own their own home.If you really think that… — Warren Buffett Copy Share Image
If you hit a hole in one every hole, you wouldn’t play golf for very long. — Warren Buffett Copy Share Image
We want to use cash. The reason we haven't used our cash two years ago, we just didn't find things that were… — Warren Buffett Copy Share Image
We all make mistakes. If you can't make mistakes, you can't make decisions. I've made a lot bigger mistakes myself. — Warren Buffett Copy Share Image
The American economy is going to do fine. But it won't do fine every year and every week and every month. I… — Warren Buffett Copy Share Image
Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business… — 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
Every day that goes by, I mean, if you don't react to Pearl Harbor for a week or two weeks or three… — Warren Buffett Copy Share Image
Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when… — Warren Buffett Copy Share Image
If you want your business to survive for 100 years, you've got to make it through every single day for 100 years.… — 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
I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society… — Warren Buffett Copy Share Image
Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper… — Warren Buffett Copy Share Image
Of one thing be certain: if a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside… — Warren Buffett Copy Share Image
If you're in a card game and you can't figure out who the patsy is, you're it. — Warren Buffett Copy Share Image
Investors should remember that their scorecard is not computed using Olympic-diving methods: Degree-of-difficulty doesn't count. If you are right about a business… — Warren Buffett Copy Share Image
I've learned mainly by reading myself. So I don't think I have any original ideas. Certainly, I talk about reading Graham. I've… — Warren Buffett Copy Share Image
The one piece of advice I can give you is, do what turns you on. Do something that if you had all… — 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
