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

Warren Buffett

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

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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.
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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.
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Never risk what you have and need for what we don't have and don't need.
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If you buy the things you don't need, you will soon be selling the things that you need.
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The reaction of weak management to weak operations is often weak accounting.
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I like to buy things I can understand. I do a lot of research on things.
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A single year's performance is of minor importance and, good or bad, should never be taken seriously.
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When we went crazy, and we did go crazy on residential real estate, it set things in motion that just - the dominoes started toppling.
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Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.
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The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.
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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.
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I did not think I would see the day when, you know, an AIG would not be able to have its checks clear.
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The most important investment you can make is in yourself. Very few people get anything like their potential horsepower translated into the actual horsepower of their output in life. Potential exceeds realization for many people...The best asset is your own self. You can become to an enormous degree the person you want to be.
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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.
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Problems in a company are like cockroaches in the kitchen. You will never find just one
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It irritates the hell out of me but you can't buy love.
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Never give up searching for the job that you’re passionate about. Try to find the job you’d have if you were independently rich. Forget about the pay. 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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