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A prediction about the direction of the stock market tells you nothing about where stocks are headed, but a whole lot about the person doing the predicting.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Tells
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Person
Headed
Nothing
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More quotes by Warren Buffett

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Fund consultants like to require style boxes such as long-short, macro, international equities. At Berkshire our only style box is smart.
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Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.
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You don't want 300 million Americans putting their money under the mattress.
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I don't think you can have a better secretary of the Treasury than Hank Paulson.
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We make investment decisions based on our evaluation of the most profitable combination of probabilities.
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I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.
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The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.
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I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.
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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.
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The value of a business is the cash it's going to produce in the future.
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The best asset is your own self. You can become to an enormous degree the person you want to be
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Bull markets and Bear markets can obscure mathematical laws, they cannot repeal them.
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We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are ignored.
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A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.
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Is management rational?
Warren Buffett
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We've got a wonderful economic formula in this country.
Warren Buffett
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We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'
Warren Buffett
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The American economy is going to do fine. But it won't do fine every year and every week and every month. I mean, if you don't believe that, forget about buying stocks anyway... It's a positive-sum game, long term. And the only way an investor can get killed is by high fees or by trying to outsmart the market.
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Making money isn't the backbone of our guiding purpose it is the by-product of our guiding purpose.
Warren Buffett
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I think any time you couple the term Wall Street with bailout or something like that, you know - I don't like what's going on in Wall Street.
Warren Buffett