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Warren Buffett Quotes
born 1930 United States
Warren Edward Buffett (born 30 August 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway.
United States Agnostics Businesspeople Philanthropists Also known as: Buffett, Warren, Warren Buffet
Random Warren Buffett quote
115 quotes
We believe in trying to stick with businesses ... where we think we can see the future reasonably well.
I tell my kids ... "Tell me when I'm going gaga — but all three of you had better come in, because if it's just one of you, you're out of the will.
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 3% of GDP, all sitting members of Congress are ineligible for re-election.
Anyone who has become rich twice is dumb. Why would you risk what you need and have for what you don’t need? If you are already rich, there is no upside to taking on a lot more risk, but there is disgrace on the downside.
Success in investing doesn't correlate with I.Q. once you're above the level of 125. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.
Look for integrity, intelligence and energy.
I don't want my name on anything.
There's a whole bunch of things I don't know a thing about — I just stay away from those. So, I stay within what I call my circle of competence.
I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.
[bitcoin is] probably rat poison squared.
Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting-based frauds of staggering size. Few of the perpetrators have been punished; many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun.
Letters to Shareholders (1957)
... time is the friend of the wonderful business — it's the enemy of the lousy business.
... If I had a one-line employment form, I'd almost say, "Are you passionate about what you do?"
I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.
Life in financial markets has got no relation to sigmas. I mean, if everybody who had ever operated in financial markets had never had any concept of standard errors, and so on, they would be a lot better off.
You can't make a good deal with a bad person. "23 Quotes from Warren Buffett on Life and Generosity" forbes.com (02 December 2013)
The number two risk factor is that this business gets the wrong management. And you get a guy or a woman in charge of it that are presentable — the directors like 'em — they don't what they're doing — but they know how to put on an appearance. That's the biggest single danger.
Stan [Perlmeter] was a liberal arts major... We happened to be in the same building... Again, it took five minutes for Stan to embrace the value approach.
The Superinvestors of Graham-and-Doddsville (1984)
An irresistible footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities — at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.
Letters to Shareholders (1957)
In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.
Letters to Shareholders (1957)
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