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
If you hit a hole in one every hole, you wouldn’t play golf for very long. — 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
Life is like a snowball. The important thing is finding wet snow and a really long hill. — 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
All there is to investing is picking good stocks at good times and staying with them as long as they remain good… — Warren Buffett Copy Share Image
The fundamental basis of above-average performance in the long run is sustainable competitive advantage. — 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
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
Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually… — 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
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
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
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
Anyone who believes a growth rate in excess of 15% per annum over the long term is attainable should pursue a career… — 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 rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will… — Warren Buffett Copy Share Image
I make no effort to predict the course of general business or the stock market. Period. However, currently there are practices snowballing… — Warren Buffett Copy Share Image
As I have mentioned before, we cannot make the same sort of money out of permanent ownership of controlled businesses that can… — 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
Someone's sitting in the shade today because someone planted a tree a long time ago. The person sitting in the shade now… — Warren Buffett Copy Share Image
Charlie and I decided long ago that in an investment lifetime, it's too hard to make hundreds of smart decisions. That judgment… — 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
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
One observer commenting on security analysts over forty stated: "They know too many things that are no longer true." As long as… — Warren Buffett Copy Share Image
That would be nice if [people] stuck [treasury bills] all under a mattress, but they got to buy something with them. Sometimes… — 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
My friends and I have been coddled long enough by a billionaire-friendly Congress. — Warren Buffett Copy Share Image
You only have to do a very few things right in your life so long as you don't do too many things… — 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
We have long felt that the only value of stock forecasters is to make fortune-tellers look good. — Warren Buffett Copy Share Image
Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied… — Warren Buffett Copy Share Image
You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come… — 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
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