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Does management resist the institutional imperative?
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Resist
Investing
Management
Doe
Institutional
Imperative
Imperatives
More quotes by Warren Buffett
In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.
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If book knowledge made great investors, than the librarians would all be rich.
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There's not many businesses where someone can come in and offer to cut the price in half and somebody doesn't think about shifting. But that's the nature of the ratings business.
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I'm just lucky to have been in the right place at the right time. Another place, another time, I wouldn't have been as successful. Society enabled me to make my money and my money should go to society.
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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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My friends and I have been coddled long enough by a billionaire-friendly Congress.
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If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter.
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SUPPOSE that an investor you admire and trust comes to you with an investment idea. This is a good one, he says enthusiastically. I'm in it, and I think you should be, too.
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The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.
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I'll bring my tax returns you bring yours. I'll meet you anytime anywhere.
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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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Investment ideas, like women are often more exciting than punctual.
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Diversification may preserve wealth, but concentration builds wealth.
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My favorite time frame for holding a stock is forever.
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Derivatives are financial weapons of mass destruction.
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I'm the luckiest guy in the world in terms of what I do for a living. No one can tell me to do things I don't believe in or things I think are stupid.
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It's just that I landed up in a terrific capitalist system. One that pays people who allocate capital extraordinarily well. Intrinsically, I'm not worth as much as somebody who invents something that could improves people's life, or health or whatever.
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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.
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Anyone who believes a growth rate in excess of 15% per annum over the long term is attainable should pursue a career in sales, but avoid one in mathematics.
Warren Buffett
The [stock] market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.
Warren Buffett