115 quotes
We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it.
Buy into a company because you want to own it, not because you want the stock to go up.
In the stock market you do not base your decisions on what the market is doing, but on what you think is rational.
The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy (2000)
You have to be open to a possible change of course if you get new information.
Putting people into homes, though a desirable goal, shouldn't be our country's primary objective. Keeping them in their homes should be the ambition.
Letters to Shareholders (1957)
I don't have a problem with guilt about money.
Warren Buffett Speaks: Wit and Wisdom from the World's Greatest Investor (1997)
You couldn't love anything as much as I loved investments and not get fairly good at it.
We will reject interesting opportunities rather than over-leverage our balance sheet.
Letters to Shareholders (1957)
Someone's sitting in the shade today because someone planted a tree a long time ago.
What we learn from history is that people don't learn from history — and you certainly see that in financial markets all the time.
Any time you combine ignorance and borrowed money, you can get some pretty interesting consequences.
It's like choosing the 2020 Olympic team by picking the children of all the winners at the 2000 Games.
I like thinking big. I always have. To me it's very simple: if you're going to be thinking anyway, you might as well think big.
Buffett: The Making of an American Capitalist (1995)
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
Buffett: The Making of an American Capitalist (1995)
The approach and strategies are very similar in that you gather all the information you can and then keep adding to that base of information as things develop.
You're dealing with a lot of silly people in the marketplace; it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be O.K.
I would much rather see a Plan C that really attacks costs, and I think that's what the American public wants to see.
It's a game of a million inferences. There are a lot of things to draw inferences from — cards played and not played.
I've reluctantly discarded the notion of my continuing to manage the portfolio after my death — abandoning my hope to give new meaning to the term "thinking outside the box."
Letters to Shareholders (1957)