The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient. — Warren Buffett Copy Share Image
The future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is… — Warren Buffett Copy Share Image
At age 19, I read a book [The Intelligent Investor] and what I'm doing today, at age 76, is running things through… — Warren Buffett Copy Share Image
With each investment you make, you should have the courage and the conviction to place at least ten per cent of your… — 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
The best education you can get is investing in yourself, and that doesn't mean college or university. — Warren Buffett Copy Share Image
The most important investment you can make is in yourself... nobody can tax it or take it away from you. — Warren Buffett Copy Share Image
An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if… — 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
My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as… — Warren Buffett Copy Share Image
The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the… — Warren Buffett Copy Share Image
Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of… — 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 have never been able to understand why the tax comes as such a body blow to many people since the rate… — Warren Buffett Copy Share Image
The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently… — 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
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
It's got to be the best intellectual exercise out there. You're seeing through new situations every ten minutes. In the stock market… — Warren Buffett Copy Share Image
What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have… — 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
Too often, executive compensation in the U.S. is ridiculously out of line with performance. That won't change, moreover, because the deck is… — Warren Buffett Copy Share Image
The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified… — Warren Buffett Copy Share Image
It's easy to identify many investment managers with great recent records. But past results, though important, do not suffice when prospective performance… — Warren Buffett Copy Share Image
I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And… — Warren Buffett Copy Share Image
I've made money over the years by buying into good companies, run by good people, at attractive prices. And I don't try… — Warren Buffett Copy Share Image
Investing is the greatest business in the world because you never have to swing. You stand at the plate; the pitcher throws… — Warren Buffett Copy Share Image
The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes.… — 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
Goldman Sachs saying they might be interested in such an investment. I'm familiar with the company. I've known the management, the current… — Warren Buffett Copy Share Image
Never give up searching for the job that you’re passionate about. Try to find the job you’d have if you were independently… — Warren Buffett Copy Share Image
Our policy is to concentrate holdings. We try to avoid buying a little of this or that when we are only lukewarm… — Warren Buffett Copy Share Image
I think you should read everything you can. In my case, by the age of 10, I'd read every book in the… — Warren Buffett Copy Share Image
The key to investing is not assessing how much an industry is going to affect society, or how much it will grow,… — Warren Buffett Copy Share Image
A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very… — Warren Buffett Copy Share Image
If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together… — Warren Buffett Copy Share Image
I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We… — Warren Buffett Copy Share Image
It is unquestionably true that the investment companies have their money more conventionally invested than we do. To many people conventionality is… — 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
I have no idea on timing. It’s easier to tell what will happen than when it will happen. I would say that… — Warren Buffett Copy Share Image
I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates… — 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
![“At age 19, I read a book [The Intelligent Investor] and what I'm doing today, at age 76, is running things through the same thought process I learned from the book I read at 19.” quote by Warren Buffett](https://sms4smile.com/quotes/img-quotes/807/warren-buffett-183_age_at-age-19-i-read-a-book-the-intelligent_2946415.jpg)
