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

More quotes by Warren Buffett

Image
Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem.
Warren Buffett
Image
The stockmarket is a semi-psychotic creature given to extremes of elation and despair.
Warren Buffett
Image
Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.
Warren Buffett
Image
I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.
Warren Buffett
Image
When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it's the reputation of the business that remains intact.
Warren Buffett
Image
We look for things I can understand. A lot of businesses I don't understand.
Warren Buffett
Image
A bull market is like sex. It feels best just before it ends.
Warren Buffett
Image
Look at market fluctuations as your friend rather than your enemy profit from folly rather than participate in it.
Warren Buffett
Image
Making money isn't the backbone of our guiding purpose it is the by-product of our guiding purpose.
Warren Buffett
Image
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
Image
If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.
Warren Buffett
Image
I am a better investor because I am a businessman, and a better businessman because I am no investor.
Warren Buffett
Image
If I taught a class, on my final exam I would take an Internet company and ask, 'How much is this company worth?' Anyone who would answer, I would flunk.
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
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
When it's raining gold, reach for a bucket, not a thimble.
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
But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.
Warren Buffett
Image
Our future rates of gain will fall far short of those achieved in the past. Berkshire's capital base is now simply too large to allow us to earn truly outsized returns. If you believe otherwise, you should consider a career in sales but avoid one in mathematics.
Warren Buffett
Image
You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment you’re making, or whatever it may be. And if it can’t stand applying pencil to paper, you’d better think it through some more. And if you can’t write an intelligent answer to those questions, don’t do it.
Warren Buffett