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

More quotes by Warren Buffett

Image
... not doing what we love in the name of greed is very poor management of our lives.
Warren Buffett
Image
We don't have to be smarter than the rest. We have to be more disciplined than the rest.
Warren Buffett
Image
A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth.
Warren Buffett
Image
If you can eliminate the government as a 39.6% partner, then you will be much better off.
Warren Buffett
Image
Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick.
Warren Buffett
Image
An IPO is like a negotiated transaction - the seller chooses when to come public - and it's unlikely to be a time that's favourable to you.
Warren Buffett
Image
Other guys read Playboy. I read annual reports.
Warren Buffett
Image
If I subscribed to the efficient market theory I would still be delivering papers
Warren Buffett
Image
In looking for people to hire, look for three qualities: integrity, intelligence and energy. And if they don't have the first, the other two will kill you.
Warren Buffett
Image
The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.
Warren Buffett
Image
With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock
Warren Buffett
Image
When bills come due, only cash is legal tender. Don't leave home without it.
Warren Buffett
Image
The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.
Warren Buffett
Image
The stockmarket is a semi-psychotic creature given to extremes of elation and despair.
Warren Buffett
Image
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
Image
I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. You need to fill your mind with various competing thoughts and decide which make sense.
Warren Buffett
Image
I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.
Warren Buffett
Image
Basically, the single-most important decision in evaluating a business is pricing power.
Warren Buffett
Image
It will be good for us in the long run, and I mean there are, you know, six and a half billion people in this world. And it's great for 300 million to keep enjoying more and more property, but I think it's terrific if, you know, the remainder do.
Warren Buffett
Image
In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't.
Warren Buffett