--- title: "Meaning & Key Takeaway of: Our marketable equities tell us by their…" description: "\"Our marketable equities tell us by their operating results - not by their daily, or even yearly, price quotations - whether our investments are success..." image: "https://sms4smile.com/quotes/i/d5d/warren-buffett-183_business-success_our-marketable-equities-tell-us-by-their_2388867.png" --- # Our marketable equities tell us by their operating results… ![“Our marketable equities tell us by their operating results - not by their daily, or even yearly, price quotations - whether our investments are successful. The market may ignore business success for a while, but eventually will confirm it.” quote by Warren Buffett](https://sms4smile.com/quotes/i/d5d/warren-buffett-183_business-success_our-marketable-equities-tell-us-by-their_2388867.png) [Download](https://sms4smile.com/quotes/i/d5d/warren-buffett-183_business-success_our-marketable-equities-tell-us-by-their_2388867.png) [Open image](https://sms4smile.com/quotes/i/d5d/warren-buffett-183_business-success_our-marketable-equities-tell-us-by-their_2388867.png) > “Our marketable equities tell us by their operating results - not by their daily, or even yearly, price quotations - whether our investments are successful. The market may ignore business success for a while, but eventually will confirm it.” [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Investments should be judged by the underlying business performance, not short‑term market price movements; true value eventually shows itself. **In simple terms:** Judge investments by business results, not price swings. Key Takeaway Focus on fundamentals, not market noise. Themes investment valuation patience business fundamentals Mood analytical patient confident Type advisory analytical When to use this quote - portfolio review - financial planning - stock analysis - risk assessment Key Concepts value investing fundamental analysis long‑term perspective Questions to Reflect On - How do you separate noise from signal in your portfolio? - What metrics best reflect long‑term success? A Different Perspective Short‑term volatility can mislead; patience is required to see true performance. ★ ★ ★ ★ ★ No ratings yet [Business success](https://sms4smile.com/quotes/about/business-success/) [Customer](https://sms4smile.com/quotes/about/customer/) [Equity](https://sms4smile.com/quotes/about/equity/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investment](https://sms4smile.com/quotes/about/investment/) [Success](https://sms4smile.com/quotes/about/success/) [Successful](https://sms4smile.com/quotes/about/successful/) ## Related quotes > [Ignore the stock market, ignore the economy, and buy a business you understand.](https://sms4smile.com/quotes/warren-buffett/ignore-the-stock-market-ignore-the-economy-and-buy-a-business-you/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [If you don't have my back when I'm struggling for success, you cant be by my side when I eventually succeed.](https://sms4smile.com/quotes/rashida-rowe/if-you-don-t-have-my-back-when-i-m-struggling-for-success-you-cant-be/) [Rashida Rowe](https://sms4smile.com/quotes/author/rashida-rowe/) > [The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at…](https://sms4smile.com/quotes/warren-buffett/the-speed-at-which-a-business-success-is-recognized-furthermore-is/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Well, one time some attractive woman sat next to Charlie and asked him what he owed his success to, and, unfortunately, she insisted on…](https://sms4smile.com/quotes/warren-buffett/well-one-time-some-attractive-woman-sat-next-to-charlie-and-asked-him/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I've often felt there might be more to be gained by studying business failures than business successes.](https://sms4smile.com/quotes/warren-buffett/i-ve-often-felt-there-might-be-more-to-be-gained-by-studying-business/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [“Instead of hiding under the covers, let’s do something about it. Maybe you’re not feeling this way today, but you might tomorrow. So now…](https://sms4smile.com/quotes/liesha-petrovich/instead-of-hiding-under-the-covers-let-s-do-something-about-it-maybe/) [Liesha Petrovich](https://sms4smile.com/quotes/author/liesha-petrovich/) > [Having created a business that is a success, when you are in a nepotistic situation, people who don't do anything themselves, well, it is…](https://sms4smile.com/quotes/vikram-chatwal/having-created-a-business-that-is-a-success-when-you-are-in-a/) [Vikram Chatwal](https://sms4smile.com/quotes/author/vikram-chatwal/) > [The biggest risk is not taking any risk.](https://sms4smile.com/quotes/mark-zuckerberg/the-biggest-risk-is-not-taking-any-risk/) [Mark Zuckerberg](https://sms4smile.com/quotes/author/mark-zuckerberg/) > [“Affirmation without discipline is like enthusiasm without direction.”](https://sms4smile.com/quotes/lisa-mininni/affirmation-without-discipline-is-like-enthusiasm-without-direction/) [Lisa Mininni](https://sms4smile.com/quotes/author/lisa-mininni/) > [It used to be that companies with industrial economies of scale created business success. Now, success will come from the information economies of scale,…](https://sms4smile.com/quotes/tucker-max/it-used-to-be-that-companies-with-industrial-economies-of-scale/) [Tucker Max](https://sms4smile.com/quotes/author/tucker-max/) > [Business is always a struggle. There are always obstacles and competitors. There is never an open road, except the wide road that leads to…](https://sms4smile.com/quotes/chris-kirubi/business-is-always-a-struggle-there-are-always-obstacles-and/) Chris Kirubi > [Paper is no longer a big part of my day. I get 90% of my news online, and when I go to a meeting…](https://sms4smile.com/quotes/bill-gates/paper-is-no-longer-a-big-part-of-my-day-i-get-90-of-my-news-online/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [“A small businesses ability to gain an edge for a profitable niche is not by just focusing on the dynamic market gap, but by…](https://sms4smile.com/quotes/wayne-chirisa/a-small-businesses-ability-to-gain-an-edge-for-a-profitable-niche-is/) [Wayne Chirisa](https://sms4smile.com/quotes/author/wayne-chirisa/) > [“What is happening on the inside, is reflected on the outside. If you lack the confidence, you very well may feel pushy in selling…](https://sms4smile.com/quotes/lisa-mininni/what-is-happening-on-the-inside-is-reflected-on-the-outside-if-you/) [Lisa Mininni](https://sms4smile.com/quotes/author/lisa-mininni/) > [Many companies have long contended that stress in the home causes productivity loss in the market place.. and it does. But research now reveals…](https://sms4smile.com/quotes/zig-ziglar/many-companies-have-long-contended-that-stress-in-the-home-causes/) [Zig Ziglar](https://sms4smile.com/quotes/author/zig-ziglar/) ## More by Warren Buffett > [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…](https://sms4smile.com/quotes/warren-buffett/to-invest-successfully-over-a-lifetime-does-not-require-a/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [“Be fearful when others are greedy, and be greedy when others are fearful.”](https://sms4smile.com/quotes/warren-buffett/be-fearful-when-others-are-greedy-and-be-greedy-when-others-are/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose.](https://sms4smile.com/quotes/warren-buffett/making-money-isn-t-the-backbone-of-our-guiding-purpose-it-is-the-by/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [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…](https://sms4smile.com/quotes/warren-buffett/we-set-no-volume-goals-in-our-insurance-business-generally-and/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [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…](https://sms4smile.com/quotes/warren-buffett/everybody-s-got-a-different-circle-of-competence-the-important-thing/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [It is better to point out your own mistakes than have somebody else do it.](https://sms4smile.com/quotes/warren-buffett/it-is-better-to-point-out-your-own-mistakes-than-have-somebody-else/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [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…](https://sms4smile.com/quotes/warren-buffett/i-ve-read-about-all-the-sales-today-if-you-re-an-auto-dealer-you-re/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to…](https://sms4smile.com/quotes/warren-buffett/i-was-lucky-enough-to-be-born-in-a-time-and-place-where-society/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to…](https://sms4smile.com/quotes/warren-buffett/the-most-common-cause-of-low-prices-is-pessimism-some-times-pervasive/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The reaction of weak management to weak operations is often weak accounting.](https://sms4smile.com/quotes/warren-buffett/the-reaction-of-weak-management-to-weak-operations-is-often-weak/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [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.](https://sms4smile.com/quotes/warren-buffett/what-you-really-want-to-do-in-investments-is-figure-out-what-s/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I don't measure my life by the money I've made. Other people might, but certainly don't.](https://sms4smile.com/quotes/warren-buffett/i-don-t-measure-my-life-by-the-money-i-ve-made-other-people-might-but/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [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…](https://sms4smile.com/quotes/warren-buffett/i-mean-the-truth-is-i-ve-never-had-it-so-good-in-terms-of-taxes-i-am/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the…](https://sms4smile.com/quotes/warren-buffett/the-most-important-quality-for-an-investor-is-temperament-not/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate…](https://sms4smile.com/quotes/warren-buffett/investors-of-course-can-by-their-own-behavior-make-stock-ownership/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Explore all 984 Warren Buffett quotes ](https://sms4smile.com/quotes/author/warren-buffett/) ## More Business success quotes > [Many companies have long contended that stress in the home causes productivity loss in the market place.. and it does. But research now reveals…](https://sms4smile.com/quotes/zig-ziglar/many-companies-have-long-contended-that-stress-in-the-home-causes/) [Zig Ziglar](https://sms4smile.com/quotes/author/zig-ziglar/) > [“What is happening on the inside, is reflected on the outside. If you lack the confidence, you very well may feel pushy in selling…](https://sms4smile.com/quotes/lisa-mininni/what-is-happening-on-the-inside-is-reflected-on-the-outside-if-you/) [Lisa Mininni](https://sms4smile.com/quotes/author/lisa-mininni/) > [“A small businesses ability to gain an edge for a profitable niche is not by just focusing on the dynamic market gap, but by…](https://sms4smile.com/quotes/wayne-chirisa/a-small-businesses-ability-to-gain-an-edge-for-a-profitable-niche-is/) [Wayne Chirisa](https://sms4smile.com/quotes/author/wayne-chirisa/) > [Paper is no longer a big part of my day. I get 90% of my news online, and when I go to a meeting…](https://sms4smile.com/quotes/bill-gates/paper-is-no-longer-a-big-part-of-my-day-i-get-90-of-my-news-online/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [Business is always a struggle. There are always obstacles and competitors. There is never an open road, except the wide road that leads to…](https://sms4smile.com/quotes/chris-kirubi/business-is-always-a-struggle-there-are-always-obstacles-and/) Chris Kirubi > [It used to be that companies with industrial economies of scale created business success. Now, success will come from the information economies of scale,…](https://sms4smile.com/quotes/tucker-max/it-used-to-be-that-companies-with-industrial-economies-of-scale/) [Tucker Max](https://sms4smile.com/quotes/author/tucker-max/) > [“Affirmation without discipline is like enthusiasm without direction.”](https://sms4smile.com/quotes/lisa-mininni/affirmation-without-discipline-is-like-enthusiasm-without-direction/) [Lisa Mininni](https://sms4smile.com/quotes/author/lisa-mininni/) > [The biggest risk is not taking any risk.](https://sms4smile.com/quotes/mark-zuckerberg/the-biggest-risk-is-not-taking-any-risk/) [Mark Zuckerberg](https://sms4smile.com/quotes/author/mark-zuckerberg/) > [Having created a business that is a success, when you are in a nepotistic situation, people who don't do anything themselves, well, it is…](https://sms4smile.com/quotes/vikram-chatwal/having-created-a-business-that-is-a-success-when-you-are-in-a/) [Vikram Chatwal](https://sms4smile.com/quotes/author/vikram-chatwal/) > [“Instead of hiding under the covers, let’s do something about it. Maybe you’re not feeling this way today, but you might tomorrow. So now…](https://sms4smile.com/quotes/liesha-petrovich/instead-of-hiding-under-the-covers-let-s-do-something-about-it-maybe/) [Liesha Petrovich](https://sms4smile.com/quotes/author/liesha-petrovich/) > [“We all need salespeople with humility, honesty, integrity, empathy and an old-fashioned work ethic that ensures the job gets done.”](https://sms4smile.com/quotes/chris-murray/we-all-need-salespeople-with-humility-honesty-integrity-empathy-and/) [Chris Murray](https://sms4smile.com/quotes/author/chris-murray/) > [“Creating awareness about what motivates us gives us the greater knowledge to choose.”](https://sms4smile.com/quotes/lisa-mininni/creating-awareness-about-what-motivates-us-gives-us-the-greater/) [Lisa Mininni](https://sms4smile.com/quotes/author/lisa-mininni/) > [When management and labor (employer and employee) both understand they are all on the same side, then each will prosper more.](https://sms4smile.com/quotes/zig-ziglar/when-management-and-labor-employer-and-employee-both-understand-they/) [Zig Ziglar](https://sms4smile.com/quotes/author/zig-ziglar/) > [Success takes an investment in time, dedication, and sacrifice. This is true education. It is a process.](https://sms4smile.com/quotes/robert-kiyosaki/success-takes-an-investment-in-time-dedication-and-sacrifice-this-is/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [Success in business hinges mostly on the ability to get the important things done.](https://sms4smile.com/quotes/william-feather/success-in-business-hinges-mostly-on-the-ability-to-get-the-important/) [William Feather](https://sms4smile.com/quotes/author/william-feather/) [Browse all 408 Business success quotes ](https://sms4smile.com/quotes/about/business-success/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Our marketable equities tell us by their operating results - not by their daily, or even yearly, price quotations - whether our investments are successful. 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