Quote

It's us fun being a horse when the tractor comes along, or the blacksmith when the car comes along.

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
Along
Fun
Blacksmith
Comes
Blacksmiths
Tractor
Tractors
Investing
Horse
Car

More quotes by Warren Buffett

Image
Invest in as much of yourself as you can, you are your own biggest asset by far.
Warren Buffett
Image
Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
Warren Buffett
Image
The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.
Warren Buffett
Image
Continually challenge and be willing to amend your best loved ideas.
Warren Buffett
Image
Confidence is key. You're not going to put your money - you're not going to leave your money with me unless you're confident I'm going to give it back to you.
Warren Buffett
Image
Stocks of companies selling commodity-like products should come with a warning label: Competition may prove hazardous to human wealth.
Warren Buffett
Image
Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which governs valuation of minority interest positions, is of little or no importance in valuing a controlling interest.
Warren Buffett
Image
Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis.
Warren Buffett
Image
We make investment decisions based on our evaluation of the most profitable combination of probabilities.
Warren Buffett
Image
Basically, the single-most important decision in evaluating a business is pricing power.
Warren Buffett
Image
I think people - what people want to do is make [economy] get worse.
Warren Buffett
Image
A bull market is like sex. It feels best just before it ends.
Warren Buffett
Image
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
Image
We have provided capital here with a couple of institutions recently. The Federal government did that in the '30s for the RFC and I think there could well be a proper role for government in that.
Warren Buffett
Image
I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain.
Warren Buffett
Image
Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.
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
The real fortunes in this country have been made by people who have been right about the business they invested in, and not right about the timing of the stock market.
Warren Buffett
Image
I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc.
Warren Buffett
Image
Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, that you're still around to play the next day.
Warren Buffett