The reaction of weak management to weak operations is often weak accounting. — 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
We also believe candour benefits us as managers. The CEO who misleads often in public eventually misleads himself in private. — Warren Buffett Copy Share Image
All but a few of the organizations do not specifically promise to deliver superior investment performance although it is perhaps not unreasonable… — Warren Buffett Copy Share Image
I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and… — Warren Buffett Copy Share Image
Managers that always promise to 'make the numbers' will at some point be tempted to make up the numbers. — Warren Buffett Copy Share Image
So some guy may know how to make money in cocoa beans, but I don't so I just let him have that.… — 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
There are a few investment managers, of course, who are very good - though in the short run, it's difficult to determine… — Warren Buffett Copy Share Image
When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it's the reputation… — Warren Buffett Copy Share Image
When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation… — Warren Buffett Copy Share Image
We only want to link up with people whom we like, admire, and trust. ... We do not wish to join with… — Warren Buffett Copy Share Image
At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will… — Warren Buffett Copy Share Image
Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation. — 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
Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if… — Warren Buffett Copy Share Image
When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever. — Warren Buffett Copy Share Image
A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of… — 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
