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If I subscribed to the efficient market theory I would still be delivering papers

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Theory
Stills
Still
Subscribed
Would
Delivering
Papers
Efficient
Market
Paper

More quotes by Warren Buffett

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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.
Warren Buffett
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The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
Warren Buffett
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The financial calculus that Charlie and I employ would never permit our trading a good night's sleep for a shot at a few extra percentage points of return. I've never believed in risking what my friends and family have and need in order to pursue what they don't have and don't need.
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I don't need 15 houses. Owning real estate doesn't mean much to me. I don't like to think about things like that. I don't need 12 boats, or even the world's largest boat with a crew of 80. I'd have to take care of them, to worry about them. I get a lot more fun out of life without all the bells and whistles.
Warren Buffett
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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.
Warren Buffett
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I don't know that I could draw one that's perfect. But I'd rather by approximately right than precisely wrong, and it would be precisely wrong to turn it down.
Warren Buffett
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Risk comes from not knowing what you're doing.
Warren Buffett
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I bought a company in the mid-90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.
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As one of my older friends says, Nostalgia just isn't what it used to be. Let's take a stab at it, anyway.
Warren Buffett
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We will only do with your money what we would do with our own.
Warren Buffett
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It makes a difference who the treasury secretary is.
Warren Buffett
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So smile when you read a headline that says Investors lose as market falls. Edit it in your mind to Disinvestors lose as market falls-but investors gain. Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other. (As they say in golf matches: Every putt makes someone happy.
Warren Buffett
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The truth is, everything that has happened in my life... that I thought was a crushing event at the time, has turned out for the better.
Warren Buffett
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Do what you would do for free, having passion for what you do is the most important thing.
Warren Buffett
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In an inflationary world, a toll bridge (like company) would be a great thing to own because you've laid out the capital costs. You built it in old dollars and you don't have to keep replacing it.
Warren Buffett
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I think that trying to invest through 535 people is a tough job, you know, and so I would give more latitude.
Warren Buffett
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Enjoy your work and work for whom you admire.
Warren Buffett
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That's the reality of what they're going to sell them to the Treasury for.
Warren Buffett
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Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices.
Warren Buffett
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I'm happy when I can spend every day doing the things that I like to do. That's my luxury.
Warren Buffett