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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
Business
Country
Right
Fortunes
Real
Invested
Made
Timing
People
Stock
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Fortune

More quotes by Warren Buffett

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You can't make a good deal with a bad person.
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The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
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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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Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero.
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If you buy the things you don't need, you will soon be selling the things that you need.
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There's no use running if you're on the wrong road.
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The difference between successful people and really successful people is that really successful people say no to almost everything.
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If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.
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I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
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The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
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It's got to be the best intellectual exercise out there. You're seeing through new situations every ten minutes. In the stock market you don't base your decisions on what the market is doing, but on what you think is rational. Bridge is about weighing gain/loss ratios. You're doing calculations all the time.
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We can afford to lose money - even a lot of money. But we can't afford to lose reputation - even a shred of reputation.
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The reaction of weak management to weak operations is often weak accounting.
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Time is the friend of the wonderful company, the enemy of the mediocre.
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[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.
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It is easier to rationalize than it is to be rational.
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...I will give you two pieces of advice. Invest as much in yourself as you can you are your own best asset by far. Then follow your passion you want to be really excited to get out of bed every morning.
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Bull markets and Bear markets can obscure mathematical laws, they cannot repeal them.
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If I subscribed to the efficient market theory I would still be delivering papers
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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.
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