Quote

Do not take yearly results too seriously. Instead, focus on four or five-year averages.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Results
Four
Yearly
Year
Averages
Five
Investing
Take
Seriously
Years
Average
Instead
Focus

More quotes by Warren Buffett

Image
Risk comes from not knowing what you're doing.
Warren Buffett
Image
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
Warren Buffett
Image
There is seldom just one cockroach in the kitchen. You know, you turn on the light and, all of sudden, they all start scurrying around.
Warren Buffett
Image
When you're associating with the people that you love, doing what you love, it doesn't get any better than that.
Warren Buffett
Image
We also believe candour benefits us as managers. The CEO who misleads often in public eventually misleads himself in private.
Warren Buffett
Image
I have always cautioned partners that I considered three years a minimum in determining whether we were performing.
Warren Buffett
Image
I think the FDIC was one of the great inventions of the American.
Warren Buffett
Image
I don't read economic forecasts. I don't read the funny papers.
Warren Buffett
Image
If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station - I'm talking of the past - you know, your idiot nephew could run it. And if you've got a really good business, it doesn't make any difference.
Warren Buffett
Image
Never invest in a business you don't understand.
Warren Buffett
Image
Never invest in a business you can't understand
Warren Buffett
Image
There is no substitute for a local newspaper that is doing its job.
Warren Buffett
Image
If book knowledge made great investors, than the librarians would all be rich.
Warren Buffett
Image
The latter qualification brings to mind a fellow who applied for a job and stated he had twenty years of experience-which was corrected by a former employer to read one year's experience-twenty times.
Warren Buffett
Image
I have a wonderful family. I have a job that I love and wonderful people who help me with it. It can't get any better than that.
Warren Buffett
Image
The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.
Warren Buffett
Image
The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.
Warren Buffett
Image
Does management resist the institutional imperative?
Warren Buffett
Image
We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.
Warren Buffett
Image
If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.
Warren Buffett