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When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Business
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More quotes by Warren Buffett

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One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as 'marketability' and 'liquidity,' sing the praises of companies with high share turnover... but investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pick pocket of enterprise.
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It's almost impossible to overpay the truly extraordinary CEO... but the species is rare.
Warren Buffett
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When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.
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House prices just soared beyond - beyond reason in many places and they got financed in silly ways, and people lied about loans, all kinds of accesses entered into it. But that is what - that is the single biggest cause of why we're here.
Warren Buffett
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You know, with your money and my brains, I mean, there's no telling how far we'd go.
Warren Buffett
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I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain.
Warren Buffett
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When 40 billion of treasury bills are sold like, seven day treasury bills, at a yield of 1/20th of one percent, that means the whole country is basically at the point virtually, or a lot of the country is at the point of putting the money under the mattress.
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How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.
Warren Buffett
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I've argued with the senators and congressmen I've talked to. You don't want to be too little too late. If you buy them at the right price, you may be buying two trillion of face value.
Warren Buffett
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We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion - 20 trillion, I should say, worth of residential homes.
Warren Buffett
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Banking is very good business if you don't do anything dumb.
Warren Buffett
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In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.
Warren Buffett
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Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.
Warren Buffett
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The single most important decision in evaluating a business is pricing power.
Warren Buffett
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A Company should be viewed as an unfolding movie, not as a still photograph
Warren Buffett
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The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.
Warren Buffett
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Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.
Warren Buffett
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In the financial markets I find it easy to predict what will happen and very difficult to predict when it will happen. I think that things were clear during the bubble as to what would happen eventually.
Warren Buffett
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You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.
Warren Buffett
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Risk comes from not knowing what you're doing.
Warren Buffett