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

More quotes by Warren Buffett

Image
Don't invest in pieces of papers (stocks), invest in great businesses underlying them
Warren Buffett
Image
Well, it may be all right in practice, but it will never work in theory
Warren Buffett
Image
Diversification may preserve wealth, but concentration builds wealth.
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
Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.
Warren Buffett
Image
On his Giving Pledge philanthropy: The way I got the message out was to get a copy of FORBES, look down that 400 list and start making phone calls! Bill and Melinda [Gates] did the same thing. So keep publishing the list so I can milk it.
Warren Buffett
Image
If I eat 2,700 calories a day, a quarter of that is Coca-Cola.
Warren Buffett
Image
I think the oversight is great, and I think that oversight ought to be devoted almost entirely to the question is this being done at market you know. In other words, you want to make sure that the government isn't investing foolishly. But you don't want to care about which congressional districts it goes to or whether banks get favored over.
Warren Buffett
Image
Wild swings in share prices have more to do with the lemming- like behaviour of institutional investors than with the aggregate returns of the company they own.
Warren Buffett
Image
If the reason for doing something is that everyone else is doing it, it's not a good enough reason.
Warren Buffett
Image
There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
Warren Buffett
Image
Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
Warren Buffett
Image
Focus on return on equity, not earnings per share.
Warren Buffett
Image
Let blockheads read what blockheads wrote.
Warren Buffett
Image
In earlier years, a lesser effort produced literally dozens of comparable opportunities. It is difficult to be objective about the causes for such diminution of one's own productivity. Three factors that seem apparent are: (1) a somewhat changed market environment (2) our increased size and (3) substantially more competition.
Warren Buffett
Image
In one way, I'm sympathetic to the institutional reluctance to face the music. I'd give a lot to mark my weight to 'model' rather than to 'market.'
Warren Buffett
Image
A single year's performance is of minor importance and, good or bad, should never be taken seriously.
Warren Buffett
Image
No formula in finance tells you that the moat is 28 feet wide and 16 feet deep. That's what drives the academics crazy. They can compute standard deviations and betas, but they can't understand moats.
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 anything, taxes for the lower and middle class and maybe even the upper-middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
Warren Buffett