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Forecasts usually tell us more of the forecaster than of the forecast

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Forecasts
Usually
Tell
Forecaster
Forecast

More quotes by Warren Buffett

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The most common cause of low prices is pessimism - sometimes pervasive, sometimes 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.
Warren Buffett
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I lose confidence in other people, all kinds of institutions.
Warren Buffett
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To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.
Warren Buffett
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Does the business have a consistent operating history?
Warren Buffett
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If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.
Warren Buffett
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Basically, the single-most important decision in evaluating a business is pricing power.
Warren Buffett
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Does the business have favourable long term prospects?
Warren Buffett
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The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time.
Warren Buffett
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You’d get very rich if you thought of yourself as having a card with only twenty punches in a lifetime, and every financial decision used up one punch. You’d resist the temptation to dabble. You’d make more good decisions and you’d make more big decisions.
Warren Buffett
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The most important investment you can make is in yourself... nobody can tax it or take it away from you.
Warren Buffett
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When you combine ignorance and leverage, you get some pretty interesting results.
Warren Buffett
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I don't have my diploma from the University of Nebraska hanging on my office wall, and I don't have my diploma from Columbia up there either-but I do have my Dale Carnegie graduation certificate proudly displayed.
Warren Buffett
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The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.
Warren Buffett
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A prediction about the direction of the stock market tells you nothing about where stocks are headed, but a whole lot about the person doing the predicting.
Warren Buffett
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There is no staff. I make all the investment decisions and I do all my own analysis.
Warren Buffett
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I would say that life at 84, I am having as much fun as I've ever had in my life. I mean I get to do what I love every day with the people I love-and it just doesn't get any better than that.
Warren Buffett
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The most important quality for an investor is temperament, not intellect.
Warren Buffett
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When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it's the reputation of the business that remains intact.
Warren Buffett
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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
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If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.
Warren Buffett