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
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
The approach and strategies are very similar in that you gather all the information you can and then keep adding to that… — 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
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
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
There is one thing of which I can assure you. If good performance of the fund is even a minor objective, any… — 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
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
My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc.,… — Warren Buffett Copy Share Image
The managers at fault periodically report on the lesson they have learned from the latest disappointment. They then usually seek out future… — Warren Buffett Copy Share Image
An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices… — 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
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
