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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

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Hope
Sold
Stills
Stock
Still
Paying
Price
Soon
Labelled
Value
Calculated
Higher
Consciously
Values
Speculation

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Diversification may preserve wealth, but concentration builds wealth.
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Things you like to do should be a hobby of yours, but things the world does should be a business of yours.
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An investor needs to do very few things right as long as he or she avoids big mistakes.
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The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
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The dumbest reason in the world to buy a stock is because it's going up.
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The extraordinary business does not require good management.
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Investment ideas, like women are often more exciting than punctual.
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We need a tax system that essentially takes very good care of the people who just really aren't as well adapted to the market system but are nevertheless doing useful things in the society.
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First come the innovators, then come the imitators, then come the idiots.
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I have three boxes on my desk: In, Out, and Too Hard.
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I don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.
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Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
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A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.
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