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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.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
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Omaha
Nebraska
Warren Edward Buffett
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Berkshire
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More quotes by Warren Buffett

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They [Goverment] take from the woman who comes in and takes the wastebaskets out.
Warren Buffett
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Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick.
Warren Buffett
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Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.
Warren Buffett
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The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.
Warren Buffett
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It's almost impossible to overpay the truly extraordinary CEO... but the species is rare.
Warren Buffett
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When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.
Warren Buffett
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Wide diversification is only required when investors do not understand what they are doing.
Warren Buffett
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Our system works. Over time, people will live better and better. We have a system that unleashes human potential, and now China has a system that unleashes human potential. We will have interruptions. We overshoot and undershoot sometimes, but your kids and grandkids will live better than you. Over time, we move ahead at a pretty damn rapid rate.
Warren Buffett
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Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
Warren Buffett
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Nevertheless, as circumstances presently appear, I feel substantially greater size is more likely to harm future results than to help them. This might not be true for my own personal results, but it is likely to be true for your results.
Warren Buffett
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I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.
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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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
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I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. You need to fill your mind with various competing thoughts and decide which make sense.
Warren Buffett
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Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.
Warren Buffett
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The Stock Market is designed to transfer money from the Active to the Patient.
Warren Buffett
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So if you are evaluating others (or yourself!) in the investment field, think out some standards - apply them - interpret them.
Warren Buffett
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Buy companies with strong histories of profitability and with a dominant business franchise.
Warren Buffett
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A CEO's behavior has a huge impact on managers down the line.
Warren Buffett
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It is to our advantage to have securities do nothing price-wise for months, or perhaps years, while we are buying them.
Warren Buffett