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The secret to happiness is having low expectations.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Happiness
Lows
Expectations
Secret

More quotes by Warren Buffett

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We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.
Warren Buffett
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You are neither right nor wrong because the crowd disagrees with you.
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Buy a business, don't rent stocks.
Warren Buffett
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I mean, Hank Paulson is in there [ Treasury] at the wrong time, probably shouldn't have taken the job. He's a friend of mine. But he knows markets, he knows corporations' work, he knows money, and he's got the interests of the country at heart.
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But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.
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Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.
Warren Buffett
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I don't know that I could draw one that's perfect. But I'd rather by approximately right than precisely wrong, and it would be precisely wrong to turn it down.
Warren Buffett
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Never lie under any circumstances.
Warren Buffett
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If you don't know the Jewelry, know the Jeweller
Warren Buffett
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Turnarounds seldom turn.
Warren Buffett
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Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
Warren Buffett
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Our marketable equities tell us by their operating results - not by their daily, or even yearly, price quotations - whether our investments are successful. The market may ignore business success for a while, but eventually will confirm it.
Warren Buffett
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An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.
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The dumbest reason in the world to buy a stock is because it's going up.
Warren Buffett
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You're dealing with a lot of silly people in the marketplace it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be OK.
Warren Buffett
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The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.
Warren Buffett
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Take the high road it's far less crowded.
Warren Buffett
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In the world of business, the people who are most successful are those who are doing what they love.
Warren Buffett
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My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.
Warren Buffett
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I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).
Warren Buffett