The dumbest reason in the world to buy a stock is because it's going up. — Warren Buffett Copy Share Image
Investing is laying out money now to get more money back in the future. — Warren Buffett Copy Share Image
Risk can be greatly reduced by concentrating on only a few holdings. — Warren Buffett Copy Share Image
What we learn from history is that people don't learn from history. — Warren Buffett Copy Share Image
Focus on your customers and lead your people as though their lives depend on your success. — Warren Buffett Copy Share Image
It's us fun being a horse when the tractor comes along, or the blacksmith when the car comes along. — Warren Buffett Copy Share Image
Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down. — Warren Buffett Copy Share Image
If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering… — Warren Buffett Copy Share Image
Only when you combine sound intellect with emotional discipline do you get rational behavior. — Warren Buffett Copy Share Image
The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price. — Warren Buffett Copy Share Image
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it. — 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
An investor should act as though he had a lifetime decision card with just twenty punches on it. — 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
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
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
Success in investing doesn’t correlate with I.Q. Once you are above the level of 25; once you have ordinary intelligence, what you… — Warren Buffett Copy Share Image
I always say that in investing you want to buy stock in a company that has a business that's so good that… — Warren Buffett Copy Share Image
In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business… — Warren Buffett Copy Share Image
The most important investment you can make is in yourself. Very few people get anything like their potential horsepower translated into the… — Warren Buffett Copy Share Image
We still find very few [stocks] that even mildly interest us. That dismal fact is testimony to the insanity of valuations reached… — Warren Buffett Copy Share Image
To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact,… — Warren Buffett Copy Share Image
The idea that you try to time purchases based on what you think business is going to do in the next year… — Warren Buffett Copy Share Image
The commission of the investment sins listed above is not limited to 'the little guy.' Huge institutional investors, viewed as a group,… — Warren Buffett Copy Share Image
When Berkshire Hathaway laid out three billion dollars for GE today, we didn't spend it, we invested it. When the Federal government… — 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
If some institution wants to sell you a billion dollars worth of mortgages, they might have to sell 100 million in the… — Warren Buffett Copy Share Image
I wouldn't want to manufacture cigarettes. But if I owned - we do own Costco. Do they sell them? Yes. So I… — Warren Buffett Copy Share Image
It is obvious that the performance of a stock last year or last month is no reason, per se, to either own… — 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
Sound investing can make you very wealthy if you're not in too big a hurry — Warren Buffett Copy Share Image
In a commodity business, it's very hard to be smarter than your dumbest competitor. — Warren Buffett Copy Share Image
Money is not everything. Make sure you earn a lot before speaking such nonsense. — 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
![“We still find very few [stocks] that even mildly interest us. That dismal fact is testimony to the insanity of valuations reached during The Great Bubble. Unfortunately, the hangover may prove to be proportional to the binge.” quote by Warren Buffett](https://sms4smile.com/quotes/i/315/warren-buffett-183_binge_we-still-find-very-few-stocks-that-even_1496974.png)
