Warren Buffett Quotes
"Honesty is a very expensive gift.Do not expect it from cheap people."
"Never depend on single income.Make investment to create a second source."
"If you buy things you do not need, soon you will have to sell things you need."
"Do no save what is left after spending, but spend what is left after saving."
"Never test the depth of a river with both feet."
"Do not put all eggs in one basket."
“The difference between successful people and really successful people is that really successful people say no to almost everything.”
“Honesty is a very expensive gift. Don't expect it from cheap people.”
“Price is what you pay. Value is what you get.”
“Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard.”
“Risk comes from not knowing what you’re doing.”
“Someone's sitting in the shade today because someone planted a tree a long time ago.”
“If you don’t find a way to make money while you sleep, you will work until you die.”
“You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.”
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that you’ll do things differently.”
“Be fearful when others are greedy and greedy when others are fearful.”
“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”
“I always knew I was going to be rich. I don’t think I ever doubted it for a minute. ”
“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”
“The most important thing to do if you find yourself in a hole is to stop digging.”
“You only have to do a very few things right in your life so long as you don't do too many things wrong.”
“Wall Street is the only place that people drive to in a Rolls Royce to take advice from people who ride the subway.”
“In the business world, the rearview mirror is always clearer than the windshield.”
“You can't produce a baby in one month by getting nine women pregnant.”
“People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.”
“There seems to be some perverse human characteristic that likes to make easy things difficult. ”
“Never ask a barber if you need a haircut.”
“If you aren't thinking about owning a stock for ten years, don't even think about owning it for ten minutes.”
“Keep all your eggs in one basket, but watch that basket closely.”
“If past history was all that is needed to play the game of money, the richest people would be librarians.”
“Life is like a snowball. The important thing is finding wet snow and a really long hill. ”
“A public-opinion poll is no substitute for thought.”
“Accounting is the language of business.”
“An investor should act as though he had a lifetime decision card with just twenty punches on it.”
“It’s good to learn from your mistakes. It’s better to learn from other people’s mistakes.”
“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”
“If you cannot control your emotions, you cannot control your money.”
“Investing in yourself is the best thing you can do. If you’ve got talents, no one can take them from you.”
In the world of business, the people who are most successful are those who are doing what they love.”
“Always invest for the long term.”
“The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.”
“What the wise do in the beginning, fools do in the end.”
“If you buy things you do not need, soon you will have to sell things you need.”
“I am not a businessman, I am an artist.”
“We all make mistakes. If you can’t make mistakes, you can’t make decisions. I’ve made a lot bigger mistakes myself.”
“Somebody once said that in looking for people to hire, you look for three qualities
“I learned to go into business only with people whom I like, trust, and admire.”
“Don’t pass up something that’s attractive today because you think you will find something way more attractive tomorrow.”
“I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.”
“Tell me who your heroes are and I’ll tell you how you’ll turn out to be.”
“You never know who’s swimming naked until the tide goes out.”
“What we learn from history is that people don’t learn from history.”
“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 circle.”
“If book knowledge made great investors, than the librarians would all be rich.”
“The first rule is not to lose. The second rule is not to forget the first rule.”
“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
“There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don’t like because you think it will look good on your resume. Isn’t that a little like saving up sex for your old age?”
“The most dangerous distractions are the ones you love, but that don’t love you back.”
“You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.”
“I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”
“Focus alone is not enough; putting in the time to commit is also crucial to achieve success.”
“I made my first investment at age eleven. I was wasting my life up until then.”
“What’s hot today isn’t likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don’t follow the herd.”
“I never try to predict the market.”
“A bull market is like sex. It feels best just before it ends.”
“I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.”
“If you’ve been playing poker for half an hour and you still don’t know who the patsy is, you’re the patsy.”
“Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.”
“Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.”
“With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock.”
“I’d rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.”
“If you’re in the luckiest 1 percent of humanity, you owe it to the rest of humanity to think about the other 99 percent.”
“Equities will do well over time – you just have to avoid getting excited when other people are getting excited.”
“A single year’s performance is of minor importance and, good or bad, should never be taken seriously.”
“You shouldn’t own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.”
“There are all kinds of businesses that Charlie and I don’t understand, but that doesn’t cause us to stay up at night. It just means we go on to the next one, and that’s what the individual investor should do.”
“Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he get really enthused you sell to him, and if he gets depressed, you buy from him. There’s no moral taint attached to that.”
“In looking for people to hire, you look for three qualities
“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when.”
“Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
“If at first you do succeed, quit trying on investing.”
“Do not put all your eggs in one basket.”
“When you combine ignorance and leverage, you get some pretty interesting results.”
“Chains of habit are too light to be felt until they are too heavy to be broken.”
“I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.”
“Nothing sedates rationality like large doses of effortless money.”
“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.”
“Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we’re trying to do. It’s imperfect, but that’s what it’s all about.”
“We always live in an uncertain world. What is certain is that the United States will go forward over time.”
“No formula in finance tells you that the moat is 28 feet wide and 16 feet deep. That’s what drives the academics crazy. They can compute standard deviations and betas, but they can’t understand moats.”
“You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes.”
“Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero.”
“In the insurance business, there is no statute of limitation on stupidity.”
“Never depend on single income. Make investment to create a second source.”
“We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.”
“In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.”
“I would say that life at 84, I am having as much fun as I’ve ever had in my life. I mean I get to do what I love every day with the people I love-and it just doesn’t get any better than that.”
“We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.”
“I could end the deficit in five minutes. You just pass a law that says that any time there’s a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election.”
“If knowing history made you rich, librarians would be billionaires.”
“In a difficult business, no sooner is one problem solved than another surfaces – never is there just one cockroach in the kitchen.”
“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”
“Either they’re trying to con you or they’re trying to con themselves.”
“Larger sums may be an advantage at some cases and a disadvantage at others.”
“Earnings can be pliable as putty when a charlatan heads the company reporting them.”
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