Warren Buffett Quotes And Sayings

by allinspiration.com

“Only when the tide goes out do you discover who’s been swimming naked.”
– Warren Buffett

“Our competitive advantage is that we had no competitors.”
– Warren Buffett

“Our favorite holding period is forever.”
– Warren Buffett

“Our investments continue to be few in number and simple in concept: The truly big investment idea can usually be explained in a short paragraph. We like a business with enduring competitive advantages that is run by able and owner-oriented people. When these attributes exist, and when we can make purchases at sensible prices, it is hard to go wrong (a challenge we periodically manage to overcome).

Investors should remember that their scorecard is not computed using Olympic-diving methods: Degree-of-difficulty doesn’t count. If you are right about a business whole value is largely dependent on a single key factor that is both easy to understand and enduring, the payoff is the same as if you had correctly analyzed an investment alternative characterized by many constantly shifting and complex variables.”"
– Warren Buffett

“Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.”
– Warren Buffett

“Price is what you pay. Value is what you get.”
– Warren Buffett

“Risk comes from not knowing what you’re doing.”
– Warren Buffett

“Risk is a part of God‘s game, alike for men and nations.”
– Warren Buffett

“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.”
– Warren Buffett

“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.”
– Warren Buffett

“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
– Warren Buffett

“SUPPOSE that an investor you admire and trust comes to you with an investment idea. “This is a good one,” he says enthusiastically. “I’m in it, and I think you should be, too.”

Would your reply possibly be this? “Well, it all depends on what my tax rate will be on the gain you’re saying we’re going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent.” Only in Grover Norquist’s imagination does such a response exist.”
– Warren Buffett

“The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.”
– Warren Buffett

“The best thing that happens to us is when a great company gets into temporary trouble…We want to buy them when they’re on the operating table.”
– Warren Buffett

“The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.”
– Warren Buffett

“The first rule is not to lose. The second rule is not to forget the first rule.”
– Warren Buffett

“The investor of today does not profit from yesterday’s growth.”
– Warren Buffett

“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities ¾ that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future ¾ will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.”
– Warren Buffett

“The most common cause of low prices is pessimism. We want to do business in such an environment, not because we like pessimism, but because we like the prices it produces. It’s optimism that is the enemy of the rational buyer. None of this means, however, that a business or stock is an intelligent purchase simply because it is unpopular; a contrarian approach is just as foolish as a follow-the-crowd strategy. What’s required is thinking rather than polling.”
– Warren Buffett

“The only time to buy these is on a day with no ‘y’ in it.”
– Warren Buffett

“The rich are always going to say that, you know, just give us more money and we’ll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.”
– Warren Buffett

“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.”
– Warren Buffett

“The stock market is a no-called-strike game. You don’t have to swing at everything–you can wait for your pitch. The problem when you’re a money manager is that your fans keep yelling, ‘Swing, you bum!’”
– Warren Buffett

“There are 309 million people out there that are trying to improve their lot in life. And we’ve got a system that allows them to do it.”
– Warren Buffett

“There seems to be some perverse human characteristic that likes to make easy things difficult.”
– Warren Buffett

“Time is the friend of the wonderful company, the enemy of the mediocre.”
– Warren Buffett

“Time is the friend of the wonderful company, the enemy of the mediocre.”
– Warren Buffett

“To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact, be better off knowing nothing of these. That, of course, is not the prevailing view at most business schools, whose finance curriculum tends to be dominated by such subjects. In our view, though, investment students need only two well-taught courses – How to Value a Business, and How to Think About Market Prices.”
– Warren Buffett

“Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.”
– Warren Buffett

“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”
– Warren Buffett

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