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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
Investing
Financial
Friend
Enemy
Euphoria
Pessimism

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Never get too hung up on mistakes.
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What's nice about investing is you don't have to swing at every pitch.
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Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
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Tell me your heroes and I'll tell you how your life will end up
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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.
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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.
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If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.
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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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I am not in the business of predicting general stock market of business fluctuations. If you think I can do this, or think it is essential to an investment program, you should not be in the partnership.
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The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.
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We also believe candour benefits us as managers. The CEO who misleads often in public eventually misleads himself in private.
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I know that Congress will do the right thing.
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Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices
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If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it back to you and say it can't be done.
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The thing to do is to keep your mind when the world around you is losing theirs.
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Investment must be rational if you can't understand it, don't do it.
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I did not think I would see the day when, you know, an AIG would not be able to have its checks clear.
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If you were at Lehman, the same thing happened. If you were at AIG, the shareholders are getting creamed on these things. And those shareholders are not just a bunch of big shots in Wall Street. Those are pension funds, and those are investors all over the country. I wouldn't worry too much about that. Justice won't be perfect on it.
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If past history was all there was to the game, the richest people would be librarians.
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SUPPOSE that an investor you admire and trust comes to you with an investment idea. This is a good one, he says enthusiastically. I'm in it, and I think you should be, too.
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