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Values Quotes by Warren Buffett

47 Values quotes by Warren Buffett

All Values quotes Warren Buffett’s page

Intrinsic value can be defined simply as the discounted cash a business can produce. Warren Buffett explains that market prices swing wildly but eventually reflect that underlying worth, and that focusing on cash flow and earnings helps investors choose the right stocks. He also reminds us to ask “And then what?” when evaluating decisions.

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In economics, you always want to ask 'And then what?'

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Calculate "owner earnings" to get a true reflection of value.

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The value of a business is the cash it's going to produce in the future.

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Uncertainty is the friend of the buyer of long term values.

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Growth and value investing are joined at the hip.

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We have long felt that the only value of stock forecasters is to make fortune-tellers look good.

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The greater the potential for reward in the value portfolio, the less risk there is.

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Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually…

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We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.

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The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.

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Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices

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The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.

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For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what…

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The future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is…

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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…

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My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as…

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I make no effort to predict the course of general business or the stock market. Period. However, currently there are practices snowballing…

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For some reason, people take their cues from price action rather than from values. What doesn't work is when you start doing…

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If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together…

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The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is…

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The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to…

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I was lucky enough to be born in a time and place where society values my talent, and gave me a good…

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Many stock options in the corporate world have worked in exactly that fashion: they have gained in value simply because management retained…

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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…

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An argument is made that there are just too many question marks about the near future; wouldn't it be better to wait…

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Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business…

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And people really behaved in a fraudulent way or something, we'll go back and find the culprits later on. But that really…

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The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper…

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To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact,…

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The value of market esoterica to the consumer of investment advice is a different story. In my opinion, investment success will not…

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You could take all the gold that's ever been mined, and it would fill a cube 67 feet in each direction. For…

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Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of…

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AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market…

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Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a…

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Market price, while used exclusively to value our investments in minority positions, is not a relevant factor when applied to our controlling…

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Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business…

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The dominant factors affecting control valuations are earning power (past and prospective) and asset values.

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You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause…

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In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's…

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Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting,…

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It is better to point out your own mistakes than have somebody else do it.

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…

I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to…

The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to…

The reaction of weak management to weak operations is often weak accounting.

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.

I don't measure my life by the money I've made. Other people might, but certainly don't.

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…

The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the…

Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate…