Investment must be rational; if you can't understand it, don't do it. — 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
If I got a chance to take one percent of the deal either way, I would make that bet. — Warren Buffett Copy Share Image
People will always try to stop you from doing the right thing if it is unconventional. — 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
Sound investing can make you very wealthy if you're not in too big a hurry — Warren Buffett Copy Share Image
If the reason for doing something is that everyone else is doing it, it's not a good enough reason. — Warren Buffett Copy Share Image
If you own the only newspaper in town, up until the last five years or so, you have pricing power and you… — Warren Buffett Copy Share Image
I think the biggest thing we need is to unclog the credit markets, and we may need another stimulus - if we… — Warren Buffett Copy Share Image
If I taught a class, on my final exam I would take an Internet company and ask, 'How much is this company… — Warren Buffett Copy Share Image
The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you… — Warren Buffett Copy Share Image
If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it… — Warren Buffett Copy Share Image
Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, that… — 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
If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out… — Warren Buffett Copy Share Image
If you gave me the choice of being CEO of General Electric or IBM or General Motors, you name it, or delivering… — Warren Buffett Copy Share Image
The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team.… — Warren Buffett Copy Share Image
It's going to be tough because the economy is going to be getting worse for a while. And it might fall off… — Warren Buffett Copy Share Image
If you were at Lehman, the same thing happened. If you were at AIG, the shareholders are getting creamed on these things.… — Warren Buffett Copy Share Image
I have an 800 freephone number now that I call if I get the urge to buy an airline stock. I call… — 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
If you do smart things and use leverage and do one wrong thing along the way, it could wipe you out, because… — Warren Buffett Copy Share Image
One observer commenting on security analysts over forty stated: "They know too many things that are no longer true." As long as… — Warren Buffett Copy Share Image
The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that… — Warren Buffett Copy Share Image
There are three important principles to Graham's approach. [The first is to look at stocks as fractional shares of a business, which]… — 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
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
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
And people really behaved in a fraudulent way or something, we'll go back and find the culprits later on. But that really… — Warren Buffett Copy Share Image
The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper… — Warren Buffett Copy Share Image
If I subscribed to the efficient market theory I would still be delivering papers — Warren Buffett Copy Share Image
If you have a harem of 40 women, you never get to know any of them very well. — Warren Buffett Copy Share Image
Don't settle for anything other than your passion - if you're lucky enough to find it. — Warren Buffett Copy Share Image
Good big decisions do not take time at all, if they do you are in trouble. — 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
![“There are three important principles to Graham's approach. [The first is to look at stocks as fractional shares of a business, which] gives you an entirely different view than most people who are in the market. [The second principle is the margin-of-safety concept, which] gives you the competitive…” quote by Warren Buffett](https://sms4smile.com/quotes/i/72f/warren-buffett-183_advantage_there-are-three-important-principles-to_784492.jpg)
