I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate… — 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
If some institution wants to sell you a billion dollars worth of mortgages, they might have to sell 100 million in the… — 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
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
The most important thing in terms of your circle of competence is not how large the area of it is, but how… — 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
I'm the luckiest guy in the world in terms of what I do for a living. No one can tell me to… — Warren Buffett Copy Share Image
You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned… — Warren Buffett Copy Share Image
There is no question that an important service is provided to investors by investment companies, investment advisors, trust departments, etc. This service… — 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
[W]e think the very term 'value investing' is redundant. What is 'investing' if it is not the act of seeking value at… — 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
Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis. — 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
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
I mean, in terms of alternatives, some people have suggested for example that why don't we - why isn't America doing what… — Warren Buffett Copy Share Image
I think any time you couple the term "Wall Street" with "bailout" or something like that, you know - I don't like… — 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
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
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
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