Quote

Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

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
Numbers
Understand
Valuation
Business
Billionaire
Ends
Accounting
Must
Alike
Investors
Managers
Beginning

More quotes by Warren Buffett

Image
I measure success by how many people love me. And the best way to be loved is to be lo veable.
Warren Buffett
Image
It takes 150 years to build an investment bank and only five minutes to convince you to sell me preferred stock in it at a 10% interest rate.
Warren Buffett
Image
Traditional wisdom is long on tradition and short on wisdom.
Warren Buffett
Image
The single most important decision in evaluating a business is pricing power.
Warren Buffett
Image
The value of a business is the cash it's going to produce in the future.
Warren Buffett
Image
The difference between successful people and really successful people is that really successful people say no to almost everything.
Warren Buffett
Image
So if you are evaluating others (or yourself!) in the investment field, think out some standards - apply them - interpret them.
Warren Buffett
Image
My idea of a group decision is to look in the mirror.
Warren Buffett
Image
We have a country where I don't know whether it's a million households a year or more, but good form.
Warren Buffett
Image
Uncertainty is the friend of the buyer of long term values.
Warren Buffett
Image
Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation
Warren Buffett
Image
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.
Warren Buffett
Image
Your premium brand had better be delivering something special, or it's not going to get the business.
Warren Buffett
Image
I think that both parties should declare the debt limit as a political weapon of mass destruction which can't be used. I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they're not getting some other matter.
Warren Buffett
Image
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
Image
Long ago, Ben Graham taught me that Price is what you pay value is what you get. Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.
Warren Buffett
Image
I'll take the deal, whatever you want to do.
Warren Buffett
Image
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
Image
You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.
Warren Buffett
Image
An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.
Warren Buffett