Quote

Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation

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
Still
Paying
Price
Soon
Labelled
Value
Calculated
Higher
Consciously
Values
Speculation
Hope
Sold
Stills
Stock

More quotes by Warren Buffett

Image
If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station - I'm talking of the past - you know, your idiot nephew could run it. And if you've got a really good business, it doesn't make any difference.
Warren Buffett
Image
We will only do with your money what we would do with our own.
Warren Buffett
Image
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
Warren Buffett
Image
I have an 800 freephone number now that I call if I get the urge to buy an airline stock. I call at two in the morning and I say: My name is Warren and I'm an aeroholic. And then they talk me down.
Warren Buffett
Image
Long ago, Ben Graham taught me that Price is what you pay value is what you get. Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.
Warren Buffett
Image
We have learned to turn out lots of goods and services, but we haven't learned as well how to have everybody share in the bounty. The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
Warren Buffett
Image
What we learn from history is that people don't learn from history.
Warren Buffett
Image
If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.
Warren Buffett
Image
There's not many businesses where someone can come in and offer to cut the price in half and somebody doesn't think about shifting. But that's the nature of the ratings business.
Warren Buffett
Image
When 40 billion of treasury bills are sold like, seven day treasury bills, at a yield of 1/20th of one percent, that means the whole country is basically at the point virtually, or a lot of the country is at the point of putting the money under the mattress.
Warren Buffett
Image
There is no staff. I make all the investment decisions and I do all my own analysis.
Warren Buffett
Image
Never give up searching for the job that you’re passionate about. Try to find the job you’d have if you were independently rich. Forget about the pay. When you’re associating with the people that you love, doing what you love, it doesn’t get any better than that.
Warren Buffett
Image
The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.
Warren Buffett
Image
Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses
Warren Buffett
Image
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.
Warren Buffett
Image
Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.
Warren Buffett
Image
When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.
Warren Buffett
Image
You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.
Warren Buffett
Image
It's much easier to stay out of trouble now than to get out of trouble later.
Warren Buffett
Image
I look at everything. That's my job. I really do, every day. I think about everything.
Warren Buffett