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Does the business have favourable long term prospects?

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Term
Business
Doe
Long
Favourable
Prospects
Investing

More quotes by Warren Buffett

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Returns decrease as motion increases.
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You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment you’re making, or whatever it may be. And if it can’t stand applying pencil to paper, you’d better think it through some more. And if you can’t write an intelligent answer to those questions, don’t do it.
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I wouldn’t mind going to jail if I had three cellmates who played bridge
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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.
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Every company that has an economist working for him has one employee too many.
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I mean [Franklin Delano] Roosevelt didn't - you know, when he came in, he didn't print any money.
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Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
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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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We do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now.
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Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
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What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.
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What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it.
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You have to be able to communicate in life and probably schools underemphasize that. If you can't talk to people or write, you're giving up your potential.
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I was lucky to have the right heroes. Tell me who your heroes are and I'll tell you how you'll turn out to be. The qualities of the one you admire are the traits that you, with a little practice, can make your own, and that, if practiced, will become habit forming.
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Don't risk what is important to you, to get what is not important to you.
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The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.
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It is impossible to unsign a contract, so do all your thinking before you sign.
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Beware [of] the investment activity that produces applause the great moves are usually greeted by yawns.
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If principles can become dated, they're not principles.
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I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
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