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Lethargy, bordering on sloth should remain the cornerstone of an investment style.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Investment
Remain
Style
Bordering
Lethargy
Cornerstone
Sloth
Investing
More quotes by Warren Buffett
I measure success by how many people love me. And the best way to be loved is to be lo veable.
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It's got to be the best intellectual exercise out there. You're seeing through new situations every ten minutes. In the stock market you don't base your decisions on what the market is doing, but on what you think is rational. Bridge is about weighing gain/loss ratios. You're doing calculations all the time.
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When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.
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I mean, you may be very mad at some guy that walked away with a huge golden parachute, but that really isn't the important thing.
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I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.
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That's the reality of what they're going to sell them to the Treasury for.
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The only question is whether you’re going to do it today or tomorrow. If you keep saying you’re going to do it tomorrow, you’ll never do it. You have to get on it today.
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Life is like a snowball. The important thing is finding wet snow and a really long hill.
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A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.
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[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.
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When you're associating with the people that you love, doing what you love, it doesn't get any better than that.
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All but a few of the organizations do not specifically promise to deliver superior investment performance although it is perhaps not unreasonable for the public to draw such an inference from their advertised emphasis on professional management.
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If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.
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Do not save what is left after spending, but spend what is left after saving.
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The difference between successful people and really successful people is that really successful people say no to almost everything.
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You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.
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I don't want to hold out false hopes that the - by some magic moment, that things will turn around in a couple months because they wouldn't, Charlie. I mean, and it's a big mistake to try and mislead people.
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I always invest in companies an idiot could run, because one day one will.
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As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.
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Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting-based frauds of staggering size. Few of the perpetrators have been punished many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun.
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