115 quotes
The asset I most value, aside from health, is interesting, diverse, and long-standing friends.
I make no attempt to forecast the general market — my efforts are devoted to finding undervalued securities.
Letters to Shareholders (1957)
People will always try to stop you doing the right thing if it is unconventional.
It's simply to say that managers and investors alike must understand that accounting numbers is the beginning, not the end, of business valuation.
Letters to Shareholders (1957)
Love is the greatest advantage a parent can give.
In fact, when we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
Letters to Shareholders (1957)
Moreover, this pledge does not leave me contributing the most precious asset, which is time.
Some material things make my life more enjoyable; many, however, would not.
Long ago, Ben Graham taught me that “Price is what you pay; value is what you get.” Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.
Letters to Shareholders (1957)
In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending.
Warren Buffett Predicts ‘Bad Ending’ for Bitcoin — Is It a Doomed Investment? (2018)
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
Size seems to make many organizations slow-thinking, resistant to change and smug.
Letters to Shareholders (1957)
After all, you only find out who is swimming naked when the tide goes out.
Letters to Shareholders (1957)
The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money.
Letters to Shareholders (1957)
After 25 years of buying and supervising a great variety of businesses, Charlie and I have not learned how to solve difficult business problems. What we have learned is to avoid them.
Letters to Shareholders (1957)
The stock market is a no-called-strike game. You don't have to swing at everything — you can wait for your pitch.
We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.
Letters to Shareholders (1957)
The reaction of my family and me to our extraordinary good fortune is not guilt, but rather gratitude.
Confidence comes back one at a time, but fear, is instantaneous.
If you have a great manager, you want to pay him very well.