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When investing, pessimism is your friend, euphoria the enemy.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Euphoria
Pessimism
Investing
Financial
Friend
Enemy

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A bull market is like sex. It feels best just before it ends.
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We're still in a recession. We're not gonna be out of it for a while, but we will get out.
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You can't produce a baby in one month by getting nine women pregnant.
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Exercise humility and restraint.
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Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
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Someone is sitting in the shade today because someone planted a tree a long time ago.
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The plan itself is opportunism. There is no plan before that.
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When you get to my age, you’ll measure your success in life by how many of the people you want to have love you actually do love you. That’s the ultimate test of how you’ve lived your life.
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In the insurance business, there is no statute of limitation on stupidity.
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The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the passive group - the know-nothings - must win.
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What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.
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Enjoy your work and work for whom you admire.
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In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business by tricks of accounting or capital structure. The man claiming to be a financial alchemist may become rich. But gullible investors rather than business achievements will usually be the source of his wealth.
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We still find very few [stocks] that even mildly interest us. That dismal fact is testimony to the insanity of valuations reached during The Great Bubble. Unfortunately, the hangover may prove to be proportional to the binge.
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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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Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.
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That's the reality of what they're going to sell them to the Treasury for.
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What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have opponents who have been taught that thinking is a waste of energy?
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I think people - what people want to do is make [economy] get worse.
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Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.
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