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Time is the friend of the wonderful company, the enemy of the mediocre.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Time
Investing
Life
Investment
Friend
Enemy
Omaha
Wonderful
Buffets
Company
Mediocre
Business
Investors
Money
Generosity

More quotes by Warren Buffett

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Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.
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Never lie under any circumstances.
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The secret to happiness is having low expectations.
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An investor needs to do very few things right as long as he or she avoids big mistakes.
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An irresistable 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.
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It's the deleveraging that's going on right now that has caused the credit crisis.
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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 OK.
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I always invest in companies an idiot could run, because one day one will.
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I make no effort to predict the course of general business or the stock market. Period. However, currently there are practices snowballing in the security markets and business world which, while devoid of short term predictive value, bother me as to possible long term consequences.
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You get in a lot of trouble when you start putting fictitious numbers.
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I look at everything. That's my job. I really do, every day. I think about everything.
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It's us fun being a horse when the tractor comes along, or the blacksmith when the car comes along.
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We've seen what can be accomplished when we use 50% of our human capacity. If you visualize what 100% can do, you'll join me as an unbridled optimist about America's future.
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When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
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The future is never clear you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.
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The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. 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.
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Making money isn't the backbone of our guiding purpose making money is the by-product of our guiding purpose. If you're doing something you love, you're more likely to put your all into it, and that generally equates to making money
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I am not in the business of predicting general stock market of business fluctuations. If you think I can do this, or think it is essential to an investment program, you should not be in the partnership.
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If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station - I'm talking of the past - you know, your idiot nephew could run it. And if you've got a really good business, it doesn't make any difference.
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Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.
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