In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's… — Warren Buffett Copy Share Image
We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous. ...So we… — Warren Buffett Copy Share Image
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the… — Warren Buffett Copy Share Image
I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular… — Warren Buffett Copy Share Image
The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity… — Warren Buffett Copy Share Image
It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income… — Warren Buffett Copy Share Image
Charlie and I decided long ago that in an investment lifetime, it's too hard to make hundreds of smart decisions. That judgment… — Warren Buffett Copy Share Image
If you own the only newspaper in town, up until the last five years or so, you have pricing power and you… — Warren Buffett Copy Share Image
If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes. — Warren Buffett Copy Share Image
Mark Zuckerberg will be a hero to many young entrepreneurs 20 years from now. Bill Gates will be a hero to others,… — Warren Buffett Copy Share Image
Just look at that Forbes 400. Takes a billion three to get on the Forbes 400 this year. And the aggregate wealth… — Warren Buffett Copy Share Image
After 25 years of buying and supervising a great variety of businesses, Charlie [Munger] and I have not learned how to solve… — Warren Buffett Copy Share Image
I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for… — Warren Buffett Copy Share Image
[The U.S. Treasury] can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more… — Warren Buffett Copy Share Image
You can be sure that over the next 10 years, you'll see something that you did not think was possible. — Warren Buffett Copy Share Image
This country is going - be living better ten years from now than it is now. It will be living better in… — Warren Buffett Copy Share Image
We will continue to ignore political and economic forecasts, which are an expensive distraction for many investors and businessmen. Thirty years ago,… — Warren Buffett Copy Share Image
If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock… — Warren Buffett Copy Share Image
Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied… — 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
I have always cautioned partners that I considered three years a minimum in determining whether we were "performing". — Warren Buffett Copy Share Image
It takes 150 years to build an investment bank and only five minutes to convince you to sell me preferred stock in… — Warren Buffett Copy Share Image
We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean,… — Warren Buffett Copy Share Image
It is obvious that the performance of a stock last year or last month is no reason, per se, to either own… — 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
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