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If you don't know jewelry, know the jeweler.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Jewelry

More quotes by Warren Buffett

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Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.
Warren Buffett
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With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock
Warren Buffett
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In an inflationary world, a toll bridge (like company) would be a great thing to own because you've laid out the capital costs. You built it in old dollars and you don't have to keep replacing it.
Warren Buffett
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The fundamental basis of above-average performance in the long run is sustainable competitive advantage.
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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Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.
Warren Buffett
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A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.
Warren Buffett
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Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.
Warren Buffett
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If you do smart things and use leverage and do one wrong thing along the way, it could wipe you out, because anything times zero is zero. But it's reinforcing when the people around you are doing it successfully, you're doing it successfully, and it's a lot like Cinderella at the ball.
Warren Buffett
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You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing. I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it.
Warren Buffett
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The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.
Warren Buffett
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Your premium brand had better be delivering something special, or it's not going to get the business.
Warren Buffett
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It's the deleveraging that's going on right now that has caused the credit crisis.
Warren Buffett
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Cultivate curiosity and strive to become a little wiser every day.
Warren Buffett
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There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
Warren Buffett
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Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.
Warren Buffett
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A CEO's behavior has a huge impact on managers down the line.
Warren Buffett
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Cash combined with courage in a time of crisis is priceless.
Warren Buffett
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The most important thing in terms of your circle of competence is not how large the area of it is, but how well you've defined the perimeter.
Warren Buffett
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Basically, the single-most important decision in evaluating a business is pricing power.
Warren Buffett