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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
Stock
Foolish
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Anybody
Stocks
Point
Reference
Anything
Invest
Businesses
Offering

More quotes by Warren Buffett

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If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.
Warren Buffett
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Benign neglect, bordering on sloth, remains the hallmark of our investment process.
Warren Buffett
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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.
Warren Buffett
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I think the biggest thing we need is to unclog the credit markets, and we may need another stimulus - if we do, it's - it should go to the lower and middle-income people.
Warren Buffett
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Never lie under any circumstances.
Warren Buffett
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I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.
Warren Buffett
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If past history was all there was to the game, the richest people would be librarians.
Warren Buffett
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What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.
Warren Buffett
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By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.
Warren Buffett
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People always should know better. People don't get - they don't get smarter about things that get as basic as greed.
Warren Buffett
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The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
Warren Buffett
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My idea of a group decision is to look in the mirror.
Warren Buffett
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Banking is very good business if you don't do anything dumb.
Warren Buffett
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You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
Warren Buffett
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Like I say, I don't think it'll be done perfectly. Maybe we'll end up with a little bit better [economy] system.
Warren Buffett
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Too often, a vast collection of possessions ends up possessing its owner.
Warren Buffett
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In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't.
Warren Buffett
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In the insurance business, there is no statute of limitation on stupidity.
Warren Buffett
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I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.
Warren Buffett
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Either they're trying to con you or they're trying to con themselves.
Warren Buffett