Wide diversification is only required when investors do not understand what they are doing. — Warren Buffett Copy Share Image
The most important quality for an investor is temperament, not intellect. — Warren Buffett Copy Share Image
You do not adequately protect yourself by being half awake when other are sleeping. — Warren Buffett Copy Share Image
If book knowledge made great investors, than the librarians would all be rich. — 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
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
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
The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient. — Warren Buffett Copy Share Image
I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn… — Warren Buffett Copy Share Image
You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the… — Warren Buffett Copy Share Image
Stocks of companies selling commodity-like products should come with a warning label: "Competition may prove hazardous to human wealth". — Warren Buffett Copy Share Image
It's us fun being a gorse when the tractor comes along, or the blacksmith when the car comes along. — 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
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
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
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
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
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
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
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
Buy into a company because you want to own it, not because you want the stock to go up. — 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
Buy stocks like you buy your groceries, not like you buy your perfume. — Warren Buffett Copy Share Image
Investment ideas, like women are often more exciting than punctual. — Warren Buffett Copy Share Image
We will reject interesting opportunities rather than over-leverage our balance sheet. — Warren Buffett Copy Share Image
What's nice about investing is you don't have to swing at every pitch. — Warren Buffett Copy Share Image
As far as you are concerned, the stock market does not exist. Ignore it. — Warren Buffett Copy Share Image
An investor needs to do very few things right as long as he or she avoids big mistakes. — Warren Buffett Copy Share Image
Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble — Warren Buffett Copy Share Image
You could be somewhere where the mail was delayed three weeks and do just fine investing. — Warren Buffett Copy Share Image
I really like my life. I've arranged my life so that I can do what I want. — 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
![“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/i/807/warren-buffett-183_age_at-age-19-i-read-a-book-the-intelligent_2946415.png)
