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Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Paper
Pieces
Philosophy
Owning
Share
Shares
Clear
Owns
Understanding
Stocks
Businesses
Investment

More quotes by Warren Buffett

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Uncertainty is the friend of the buyer of long term values.
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It is unquestionably true that the investment companies have their money more conventionally invested than we do. To many people conventionality is indistinguishable from conservatism. In my view, this represents erroneous thinking. Neither a conventional nor an unconventional approach, per se, is conservative.
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No matter how great the talent or efforts, some things just take time.
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I think confidence will come back.
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Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.
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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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You can't buy what is popular and do well.
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It's easier to create money than to spend it.
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A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street (a community in which quality control is not prized) will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.
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When people talk about cash being king, it's not king if it just sits there and never does anything.
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Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
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Of our 49 billion, we haven't moved any to Bitcoin
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In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.
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The advice you never go broke taking a profit is foolish.
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I want to be able to explain my mistakes. This means I do only the things I completely understand.
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Personally, I really hope I can treat everyone equally. I think I have done a pretty good job so far but I know I can do it better.
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The best thing I did was choose the right heroes.
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I think I could make you fifty percent a year on one million dollars. No, I know I could. I guarantee that.
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We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.
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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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