It isn't given to man to be able to run a financial institution where different interest-rate scenarios will prevail on all of… — 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
Read 500 pages every day. That's how knowledge works. It builds up like compound interest. — Warren Buffett Copy Share Image
Market price, while used exclusively to value our investments in minority positions, is not a relevant factor when applied to our controlling… — Warren Buffett Copy Share Image
You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.… — Warren Buffett Copy Share Image
I mean, Hank Paulson is in there [ Treasury] at the wrong time, probably shouldn't have taken the job. He's a friend… — Warren Buffett Copy Share Image
We do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business… — Warren Buffett Copy Share Image
Time is your friend, impulse is your enemy. Take advantage of compound interest and don't be captivated by the siren song of… — 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
It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income… — Warren Buffett Copy Share Image
Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very… — Warren Buffett Copy Share Image
In our view, though, investment students need only two well-taught courses-How to Value a Business, and How to Think about Market Prices.… — Warren Buffett Copy Share Image
It takes 150 years to build an investment bank and only five minutes to convince you to sell me preferred stock in… — Warren Buffett Copy Share Image
I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With… — 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
My wealth has come from a combination of living in America, some lucky genes, and compound interest. — Warren Buffett Copy Share Image
Ben's Mr. Market allegory may seem out-of-date in today's investment world, in which most professionals and academicians talk of efficient markets, dynamic… — 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