Quote

In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.

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
Years
Close
Value
Year
Values
Intrinsic
Words
Reasonably
Given
Percentage
Change
Percentages
Book
Likely

More quotes by Warren Buffett

Image
I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Warren Buffett
Image
Investing is not as tough as being a top-notch bridge player. All it takes is the ability to see things as they really are.
Warren Buffett
Image
John Maynard Keynes essentially said, don't try and figure out what the market is doing. Figure out a business you understand, and concentrate.
Warren Buffett
Image
A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well
Warren Buffett
Image
Occasionally, a man must rise above principles.
Warren Buffett
Image
Most investors, both institutional and individual, will find that the best way to own common stocks (shares') is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses) of the great majority of investment professionals.
Warren Buffett
Image
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Warren Buffett
Image
It's never paid to bet against America.
Warren Buffett
Image
Remember that the stock market is manic-depressive.
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
Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
Warren Buffett
Image
Be fearful when the markets get greedy, be greedy when the markets get fearful.
Warren Buffett
Image
You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.
Warren Buffett
Image
Good big decisions do not take time at all, if they do you are in trouble.
Warren Buffett
Image
Somebody's buying these treasury bills at 1/20th of one percent. Consuming about $2 billion a day of goods and services beyond what we're producing. In other words, the rest of the world sends about $2 billion a day net of something.We got to send them something in return, don't we. So we send them little pieces of paper.
Warren Buffett
Image
Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.
Warren Buffett
Image
I spend twelve hours a week - a little over 10% of my waking hours - playing the game. Now I am trying to figure out how to get by on less sleep in order to fit in a few more hands.
Warren Buffett
Image
The greatest Enemies of the Equity investor are Expenses and Emotions.
Warren Buffett
Image
Cash never makes us happy, but it's better to have the money burning a hole in Berkshire's pocket than resting comfortably in someone else's.
Warren Buffett
Image
Problems in a company are like cockroaches in the kitchen. You will never find just one
Warren Buffett