The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price. — Warren Buffett Copy Share Image
I've argued with the senators and congressmen I've talked to. You don't want to be too little too late. If you buy… — Warren Buffett Copy Share Image
The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs. — Warren Buffett Copy Share Image
In our view, though, investment students need only two well-taught courses-How to Value a Business, and How to Think about Market Prices.… — Warren Buffett Copy Share Image
The greater the potential for reward in the value portfolio, the less risk there is. — Warren Buffett Copy Share Image
The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to… — 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
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
The value of market esoterica to the consumer of investment advice is a different story. In my opinion, investment success will not… — Warren Buffett Copy Share Image
You could take all the gold that's ever been mined, and it would fill a cube 67 feet in each direction. For… — Warren Buffett Copy Share Image
Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business… — Warren Buffett Copy Share Image
The dominant factors affecting control valuations are earning power (past and prospective) and asset values. — Warren Buffett Copy Share Image
Investors should remember that their scorecard is not computed using Olympic-diving methods: Degree-of-difficulty doesn't count. If you are right about a business… — Warren Buffett Copy Share Image
Many stock options in the corporate world have worked in exactly that fashion: they have gained in value simply because management retained… — Warren Buffett Copy Share Image
If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together… — Warren Buffett Copy Share Image
The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is… — Warren Buffett Copy Share Image
For some reason, people take their cues from price action rather than from values. What doesn't work is when you start doing… — Warren Buffett Copy Share Image
AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market… — Warren Buffett Copy Share Image
For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what… — Warren Buffett Copy Share Image
Ben's Mr. Market allegory may seem out-of-date in today's investment world, in which most professionals and academicians talk of efficient markets, dynamic… — 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
