Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market… — Warren Buffett Copy Share Image
Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected… — Warren Buffett Copy Share Image
Fund consultants like to require style boxes such as "long-short," "macro," "international equities." At Berkshire our only style box is "smart." — Warren Buffett Copy Share Image
I can do anything I want, basically, as long as it doesn't involve athletic ability, or something like that. — Warren Buffett Copy Share Image
Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have… — Warren Buffett Copy Share Image
What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow… — Warren Buffett Copy Share Image
Gold is a way of going long on fear, and it has been a pretty good way of going long on fear… — Warren Buffett Copy Share Image
A diamond cannot be polished without friction, nor a person perfected without trials. Someone is enjoying shade today because someone planted a… — Warren Buffett Copy Share Image
Someone is sitting in the shade today because someone planted a tree a long time ago. — Warren Buffett Copy Share Image
Long ago, Ben Graham taught me that "Price is what you pay; value is what you get." Whether we're talking about socks… — Warren Buffett Copy Share Image
We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I… — Warren Buffett Copy Share Image
We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely. — Warren Buffett Copy Share Image
Life is like a snowball. The important thing is finding wet snow and a really long hill. — Warren Buffett Copy Share Image
I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a… — Warren Buffett Copy Share Image
If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have… — Warren Buffett Copy Share Image
Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't… — Warren Buffett Copy Share Image
An argument is made that there are just too many question marks about the near future; wouldn't it be better to wait… — Warren Buffett Copy Share Image
In the long run managements stressing accounting appearance over economic substance usually achieve little of either. — Warren Buffett Copy Share Image
It will be good for us in the long run, and I mean there are, you know, six and a half billion… — Warren Buffett Copy Share Image
I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a… — 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
Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones. — 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
