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... but the important thing is that when you do find one where you really do know what you are doing, you must buy in quantity.... Charlie and I have made a dozen or so very big decisions relative to net worth, although not as big as they should have been. And in each of those, we've known that we were almost certain to be right going in.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
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Nebraska
Warren Edward Buffett
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More quotes by Warren Buffett

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I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say.
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I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need.
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Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.
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I'm just lucky to have been in the right place at the right time. Another place, another time, I wouldn't have been as successful. Society enabled me to make my money and my money should go to society.
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Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.
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Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.
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What we really want to do is buy businesses that we would be happy to own forever.
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In the world of business, the people who are most successful are those who are doing what they love.
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People who watch their weight, golf scores, and fuel bills seem to shun quantitative evaluation of their investment management skills although it involves the most important client in the world-themselves.
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Cash combined with courage in a time of crisis is priceless.
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Investment ideas, like women are often more exciting than punctual.
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Buy into a company because you want to own it, not because you want the stock to go up.
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I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that ...I'm paying $32 billion today for the Coca Cola Company because... If you can't answer that question, you shouldn't buy it. If you can answer that question, and you do it a few times, you'll make a lot of money.
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Fund consultants like to require style boxes such as long-short, macro, international equities. At Berkshire our only style box is smart.
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Take the high road it's far less crowded.
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The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.
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The most important investment you can make is in yourself... nobody can tax it or take it away from you.
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Turnarounds seldom turn.
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People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy internet stocks, they went crazy with the uranium stocks back when I was first getting started.
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Stocks of companies selling commodity-like products should come with a warning label: Competition may prove hazardous to human wealth.
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