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The real fortunes in this country have been made by people who have been right about the business they invested in, and not right about the timing of the stock market.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Fortune
Business
Country
Right
Fortunes
Real
Invested
Made
Timing
People
Stock
Market

More quotes by Warren Buffett

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I never try to predict the market.
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Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
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The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.
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I'm the luckiest guy in the world in terms of what I do for a living. No one can tell me to do things I don't believe in or things I think are stupid.
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We're perfectly willing to trade away a big payoff for a certain payoff.
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The advice you never go broke taking a profit is foolish.
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The most important quality for an investor is temperament, not intellect.
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A diamond cannot be polished without friction, nor a person perfected without trials. Someone is enjoying shade today because someone planted a tree a long time ago.
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You could be somewhere where the mail was delayed three weeks and do just fine investing.
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I think what people understand there probably - well, they were hoping the private sector would do it [rescuing AIG ].
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You can't produce a baby in one month by getting nine women pregnant.
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Let only individuals contribute - with sensible limits per election. Otherwise, we are well on our way to ensuring that a government of the moneyed, by the moneyed, and for the moneyed shall not perish from the earth.
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There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.
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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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If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.
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The latter qualification brings to mind a fellow who applied for a job and stated he had twenty years of experience-which was corrected by a former employer to read one year's experience-twenty times.
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My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.
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The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.
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The fundamental basis of above-average performance in the long run is sustainable competitive advantage.
Warren Buffett
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You can be sure that over the next 10 years, you'll see something that you did not think was possible.
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