Quote

A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.

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
Business
Need
Many
Owning
Great
Fortunes
Needs
Fortune
Made
Single
World
Wonderful
Understand

More quotes by Warren Buffett

Image
By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.
Warren Buffett
Image
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
Image
Always associate yourself with people who are better than you.
Warren Buffett
Image
Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
Warren Buffett
Image
We will reject interesting opportunities rather than over-leverage our balance sheet.
Warren Buffett
Image
The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the passive group - the know-nothings - must win.
Warren Buffett
Image
Returns decrease as motion increases.
Warren Buffett
Image
If you were at Lehman, the same thing happened. If you were at AIG, the shareholders are getting creamed on these things. And those shareholders are not just a bunch of big shots in Wall Street. Those are pension funds, and those are investors all over the country. I wouldn't worry too much about that. Justice won't be perfect on it.
Warren Buffett
Image
At age 19, I read a book [The Intelligent Investor] and what I'm doing today, at age 76, is running things through the same thought process I learned from the book I read at 19.
Warren Buffett
Image
First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.
Warren Buffett
Image
The ability to say no is a tremendous advantage for an investor.
Warren Buffett
Image
It irritates the hell out of me but you can't buy love.
Warren Buffett
Image
If knowing history made you rich, librarians would be billionaires.
Warren Buffett
Image
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
Image
An investor needs to do very few things right as long as he or she avoids big mistakes.
Warren Buffett
Image
I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we've seen so much of that in the last 20 years.
Warren Buffett
Image
If at first you do succeed, quit trying on investing.
Warren Buffett
Image
It's easy to identify many investment managers with great recent records. But past results, though important, do not suffice when prospective performance is being judged. How the record has been achieved is crucial.
Warren Buffett
Image
In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.
Warren Buffett
Image
Bad terminology is the enemy of good thinking.
Warren Buffett