Quote

There are certain things that cannot be adequately explained to a virgin either by words or pictures.

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
Certain
Adequately
Things
Virgin
Virgins
Explained
Pictures
Either
Words
Cannot

More quotes by Warren Buffett

Image
The reaction of weak management to weak operations is often weak accounting.
Warren Buffett
Image
My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.
Warren Buffett
Image
We're perfectly willing to trade away a big payoff for a certain payoff.
Warren Buffett
Image
I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.
Warren Buffett
Image
I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.
Warren Buffett
Image
If you buy the things you don't need, you will soon be selling the things that you need.
Warren Buffett
Image
Someone is sitting in the shade today because someone planted a tree a long time ago.
Warren Buffett
Image
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.
Warren Buffett
Image
We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'
Warren Buffett
Image
The only time to buy these is on a day with no 'y' in it.
Warren Buffett
Image
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.
Warren Buffett
Image
In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts the Depression a dozen or so recessions and financial panics oil shocks a flu epidemic and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
Warren Buffett
Image
The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.
Warren Buffett
Image
In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business by tricks of accounting or capital structure. The man claiming to be a financial alchemist may become rich. But gullible investors rather than business achievements will usually be the source of his wealth.
Warren Buffett
Image
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.
Warren Buffett
Image
Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.
Warren Buffett
Image
I do not believe in inheriting your position in society based on which womb you come from... I think a rich person should leave his children enough so they can do anything, but not enough so they can do nothing.
Warren Buffett
Image
The most common cause of low prices is pessimism - some times pervasive, some times 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. It's optimism that is the enemy of the rational buyer.
Warren Buffett
Image
We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
Warren Buffett
Image
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.
Warren Buffett