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Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Equations
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Fisher
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Graham
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Phil
Annuals
Annual

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Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.
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If you do smart things and use leverage and do one wrong thing along the way, it could wipe you out, because anything times zero is zero. But it's reinforcing when the people around you are doing it successfully, you're doing it successfully, and it's a lot like Cinderella at the ball.
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Life is like a snowball. The important thing is finding wet snow and a really long hill.
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It's a big mistake to try and mislead people. They will turn around.
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... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.
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There is no question we have an access stock.
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An investor should act as though he had a lifetime decision card with just twenty punches on it.
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Fund consultants like to require style boxes such as long-short, macro, international equities. At Berkshire our only style box is smart.
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For some reason, people take their cues from price action rather than from values. What doesn't work is when you start doing things that you don't understand or because they worked last week for somebody else. The dumbest reason in the world to buy a stock is because it's going up.
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There is no perfect mathematical formula for pricing a business.
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I don't know that I could draw one that's perfect. But I'd rather by approximately right than precisely wrong, and it would be precisely wrong to turn it down.
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The Noah rule: Predicting rain doesn't count building arks does.
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Calculate owner earnings to get a true reflection of value.
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Nothing sedates rationality like large doses of effortless money.
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All day you wait for the pitch you like then when the fielders are asleep, you step up and hit it.
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If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.
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An investor needs to do very few things right as long as he or she avoids big mistakes.
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Uncertainty is the friend of the buyer of long term values.
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I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.
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Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn't do any good to look at the cards.
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