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No matter how great the talent or efforts, some things just take time.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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Productivity
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More quotes by Warren Buffett
Businesses always have opportunities to improve service, product lines, manufacturing techniques, and the like, and obviously these opportunities should be seized. But a business that constantly encounters major change also encounters many chances for major error
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Beware of geeks bearing formulas.
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If this is a war, my side has the nuclear bomb. We have K Street. We have Wall Street. Debbie doesn't have anybody. I want a government that is responsive to the people who got the short straw in life.
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Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.
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I want to be able to explain my mistakes. This means I do only the things I completely understand.
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If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.
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I think I could make you fifty percent a year on one million dollars. No, I know I could. I guarantee that.
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The advice you never go broke taking a profit is foolish.
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Let blockheads read what blockheads wrote.
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Does the business have favourable long term prospects?
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That which is not worth doing at all is not worth doing well.
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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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If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it back to you and say it can't be done.
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Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.
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... the best way to own common stocks is through an index fund.
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If you hit a hole in one every hole, you wouldn’t play golf for very long.
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So if you are evaluating others (or yourself!) in the investment field, think out some standards - apply them - interpret them.
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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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We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.
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You don't ever ask a barber whether you need a haircut.
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