Warren Buffett - Quotations
Warren Buffett, American investor, businessman and
philanthropist
Warren Edward Buffett (born August 30, 1930, in Omaha, Nebraska), is regarded as
one of the world's greatest stock market investors, and is the largest
shareholder and CEO of Berkshire
Hathaway . With an estimated net worth of around
USD 62 billion, he was ranked by Forbes as the richest person in the world as
of February 11, 2008.
Quotations
- A public-opinion poll is no
substitute for thought.
- Chains of habit are too light
to be felt until they are too heavy to be broken.
- Great investment opportunities
come around when excellent companies are surrounded by unusual
circumstances that cause the stock to be misappraised.
- I always knew I was going to be
rich. I don't think I ever doubted it for a minute. Warren Buffett
- I am quite serious when I say
that I do not believe there are, on the whole earth besides, so many
intensified bores as in these United States. No man can form an adequate
idea of the real meaning of the word, without coming here.
- I buy expensive suits. They just
look cheap on me.
- I don't look to jump over
7-foot bars: I look around for 1-foot bars that I can step over.
- I never attempt to make money
on the stock market. I buy on the assumption that they could close the
market the next day and not reopen it for five years.
- I violated the Noah rule:
Predicting rain doesn't count; building arks does.
- If a business does well, the
stock eventually follows.
- If past history was all there
was to the game, the richest people would be librarians.
- It takes 20 years to build a
reputation and five minutes to ruin it. If you think about that, you'll do
things differently.
- It's far better to buy a
wonderful company at a fair price than a fair company at a wonderful
price.
- Let blockheads read what
blockheads wrote.
- Let us do or die.
- Look at market fluctuations as
your friend rather than your enemy; profit from folly rather than
participate in it.
- Most people get interested in
stocks when everyone else is. The time to get interested is when no one
else is. You can't buy what is popular and do well.
- Never invest in a business you
cannot understand.
- Of the billionaires I have
known, money just brings out the basic traits in them. If they were jerks
before they had money, they are simply jerks with a billion dollars.
- Only buy something that you'd
be perfectly happy to hold if the market shut down for 10 years.
- Our favorite holding period is
forever.
- Price is what you pay. Value is what you get.
- Risk comes from not knowing
what you're doing.
- Rule No.1: Never
lose money. Rule No.2: Never forget rule No.1.
- The business schools reward
difficult complex behavior more than simple behavior, but simple behavior
is more effective.
- The first rule is not to lose.
The second rule is not to forget the first rule.
- The investor of today does not
profit from yesterday's growth.
- The only time to buy these is
on a day with no "y" in it.
- The smarter the journalists
are, the better off society is. For to a degree, people read the press to
inform themselves-and the better the teacher, the better the student body.
- There seems to be some perverse
human characteristic that likes to make easy things difficult.
- We enjoy the process far more
than the proceeds.
- We simply attempt to be fearful
when others are greedy and to be greedy only when others are fearful.
- When a management with a
reputation for brilliance tackles a business with a reputation for bad
economics, it is the reputation of the business that remains intact.
- Why not invest your assets in
the companies you really like? As Mae West said, "Too much of a good
thing can be wonderful".
- Wide diversification is only
required when investors do not understand what they are doing.
- You do things when the
opportunities come along. I've had periods in my life when I've had a
bundle of ideas come along, and I've had long dry spells. If I get an idea
next week, I'll do something. If not, I won't do a damn thing.
- You only have to do a very few
things right in your life so long as you don't do too many things wrong.
- Your premium brand had better
be delivering something special, or it's not going to get the business.
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