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Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.

Warren Buffett

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

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People do, as long as you have markets, you'll have excesses.
Warren Buffett
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If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.
Warren Buffett
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I'm the luckiest guy in the world in terms of what I do for a living. No one can tell me to do things I don't believe in or things I think are stupid.
Warren Buffett
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Most business mistakes are irreversible setbacks, but you get another chance. There are two things in life that you don't get another chance at - marrying the wrong person and what you do with your children.
Warren Buffett
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I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.
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.
Warren Buffett
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We've actually been pretty good on exports. I mean we are exporting 12% of our GDP now roughly.
Warren Buffett
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You can't produce a baby in one month by getting nine women pregnant.
Warren Buffett
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We only want to link up with people whom we like, admire, and trust. ... We do not wish to join with managers who lack admirable qualities, no matter how attractive the prospects of their business. We've never succeeded in making a good deal with a bad person.
Warren Buffett
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Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
Warren Buffett
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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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Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Warren Buffett
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I don't want to hold out false hopes that the - by some magic moment, that things will turn around in a couple months because they wouldn't, Charlie. I mean, and it's a big mistake to try and mislead people.
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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The good thing is, we have household formation in this country.
Warren Buffett
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I always knew I was going to be rich. I don't think I ever doubted it for a minute.
Warren Buffett
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The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
Warren Buffett
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The dominant factors affecting control valuations are earning power (past and prospective) and asset values.
Warren Buffett
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Don't settle for anything other than your passion - if you're lucky enough to find it.
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.
Warren Buffett