Quote

In the long run managements stressing accounting appearance over economic substance usually achieve little of either.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Long
Usually
Achieve
Managements
Either
Stressing
Economic
Accounting
Business
Substance
Running
Appearance
Littles
Stress
Little
Management

More quotes by Warren Buffett

Image
Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.
Warren Buffett
Image
The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.
Warren Buffett
Image
Every company that has an economist working for him has one employee too many.
Warren Buffett
Image
If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.
Warren Buffett
Image
Never give up searching for the job that you’re passionate about. Try to find the job you’d have if you were independently rich. Forget about the pay. When you’re associating with the people that you love, doing what you love, it doesn’t get any better than that.
Warren Buffett
Image
Invest in as much of yourself as you can, you are your own biggest asset by far.
Warren Buffett
Image
Cash combined with courage in a time of crisis is priceless.
Warren Buffett
Image
There's no use running if you're on the wrong road.
Warren Buffett
Image
In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business by tricks of accounting or capital structure. The man claiming to be a financial alchemist may become rich. But gullible investors rather than business achievements will usually be the source of his wealth.
Warren Buffett
Image
I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say.
Warren Buffett
Image
The time to buy stocks is consistently over time. You should never buy your investments with the idea, 'I have to get a certain return.' You should look at the best return possible and learn to live with that. But you should not try to make your investments earn what you feel you need. It doesn't work that way. The stock doesn't know you own it.
Warren Buffett
Image
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.
Warren Buffett
Image
My idea of a group decision is to look in the mirror.
Warren Buffett
Image
We need a tax system that essentially takes very good care of the people who just really aren't as well adapted to the market system but are nevertheless doing useful things in the society.
Warren Buffett
Image
The stockmarket is a semi-psychotic creature given to extremes of elation and despair.
Warren Buffett
Image
I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).
Warren Buffett
Image
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
Image
If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.
Warren Buffett
Image
I think people - what people want to do is make [economy] get worse.
Warren Buffett
Image
The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.
Warren Buffett