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The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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Stocks
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More quotes by Warren Buffett

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The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.
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In earlier years, a lesser effort produced literally dozens of comparable opportunities. It is difficult to be objective about the causes for such diminution of one's own productivity. Three factors that seem apparent are: (1) a somewhat changed market environment (2) our increased size and (3) substantially more competition.
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If you cannot control your emotions, you cannot control your money.
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They say the chains of habit are too light to be felt until they are too heavy to be broken. The chains you put around yourself now have enormous consequences as you go through life.
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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.
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The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.
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You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.
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Diversification is protection against ignorance. It makes little sense if you know what you are doing.
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Ignore the stock market, ignore the economy, and buy a business you understand.
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It's never paid to bet against America. We come through things, but its not always a smooth ride.
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If you can tell me who your heroes are, I can tell you how you're going to turn out in life.
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Mark Zuckerberg will be a hero to many young entrepreneurs 20 years from now. Bill Gates will be a hero to others, and they will look to those [people] like I read books when I was in my teens about Rockefeller or Carnegie.
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A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.
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If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.
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Life is like a snowball. The important thing is finding wet snow and a really long hill.
Warren Buffett
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Cash, though, is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent... When bills come due, only cash is legal tender. Don't leave home without it.
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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
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Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
Warren Buffett
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Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.
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All I have to do is think and not be influenced by others.
Warren Buffett