Quote

... 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

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
Made
Bigs
Relative
Really
Certain
Investing
Find
Decisions
Right
Although
Must
Worth
Diversification
Important
Decision
Charlie
Thing
Almost
Quantity
Going
Known
Dozen

More quotes by Warren Buffett

Image
Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis.
Warren Buffett
Image
We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion - 20 trillion, I should say, worth of residential homes.
Warren Buffett
Image
When we really sit back with a smile on our face is when we run into a situation we can understand, where the facts are ascertainable and clear, and the course of action obvious.
Warren Buffett
Image
If past history was all there was to the game, the richest people would be librarians.
Warren Buffett
Image
The value of a business is the cash it's going to produce in the future.
Warren Buffett
Image
What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have opponents who have been taught that thinking is a waste of energy?
Warren Buffett
Image
You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.
Warren Buffett
Image
I always knew I was going to be rich. I don't think I ever doubted it for a minute.
Warren Buffett
Image
I get to do what I like to do every single day of the year.
Warren Buffett
Image
If you invested in a very low cost index fund - where you don't put the money in at one time, but average in over 10 years -you'll do better than 90% of people who start investing at the same time.
Warren Buffett
Image
Money is not everything. Make sure you earn a lot before speaking such nonsense.
Warren Buffett
Image
Forecasts usually tell us more of the forecaster than of the forecast
Warren Buffett
Image
Personally, I really hope I can treat everyone equally. I think I have done a pretty good job so far but I know I can do it better.
Warren Buffett
Image
You can't produce a baby in one month by getting nine women pregnant.
Warren Buffett
Image
Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.
Warren Buffett
Image
In business, I look for economic castles protected by unbreachable 'moats'.
Warren Buffett
Image
Government can't deliver a free lunch to the country as a whole. It can, however, determine who pays for lunch. And last week the Senate handed the bill to the wrong party... the poor and middle class.
Warren Buffett
Image
The extraordinary business does not require good management.
Warren Buffett
Image
Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
Warren Buffett
Image
We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
Warren Buffett