Warren Buffett Quotes

465 quotes in 4103 categories

• Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation. Accounting
• Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull… Apple
• Take me as an example. I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on… Ability
• The important thing is to keep playing, to play against weak opponents and to play for big stakes. Big
• Success in investing doesn’t correlate with I.Q. Once you are above the level of 25; once you have ordinary intelligence, what you need is the… Control
• All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it. All
• If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety. Business
• One’s objective should be to get it right, get it quick, get it out and get it over. Your problem won’t improve with age. Age
• Uncertainty is the friend of the buyer of long term values. Buyer
• First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy. Buy
• A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth. Business
• I don't read economic forecasts. I don't read the funny papers. Economic
• You should invest like a Catholic marries: for life. Catholic
• We do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business activity will be… Activity
• I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need. Believed
• Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining… Business
• It's good to learn from your mistakes. It's better to learn from other people's mistakes. Better
• In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic… Any
• All I have to do is think and not be influenced by others, All
• It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's… Age

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