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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
Forecaster
Forecast
Forecasts
Usually
Tell

More quotes by Warren Buffett

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I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
Warren Buffett
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I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.
Warren Buffett
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It's very important that the determination of the US Congress to do what is is needed be made evident this week and by the actions of most of the members. I mean, you're not going to get total assent.
Warren Buffett
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Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if you call a tail a leg? The answer: Four, because calling a tail a leg doesn't make it a leg.
Warren Buffett
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You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason.
Warren Buffett
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With enough insider information and a million dollars, you can go broke in a year.
Warren Buffett
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I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).
Warren Buffett
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If I got any good ideas out of that or I think they're good ideas, I'll be glad to contribute them but the system will probably overdo some other things.
Warren Buffett
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Diversification is protection against ignorance. It makes little sense if you know what you are doing.
Warren Buffett
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The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.
Warren Buffett
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Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
Warren Buffett
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In looking for people to hire, look for three qualities: integrity, intelligence and energy. And if they don't have the first, the other two will kill you.
Warren Buffett
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Managers that always promise to 'make the numbers' will at some point be tempted to make up the numbers.
Warren Buffett
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We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.
Warren Buffett
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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
Warren Buffett
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We like to buy businesses, but we don't like to sell them.
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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What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.
Warren Buffett
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I would rather sustain the penalties resulting from over-conservatism than face the consequences of error, perhaps with permanent capital loss, resulting from the adoption of New Era philosophy where trees really do grow to the sky.
Warren Buffett
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It's a lot easier to buy things than it is to sell them.
Warren Buffett