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Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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Charlie
Brains
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Instead
More quotes by Warren Buffett
If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?
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The [stock] market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.
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The market system rewards me outlandishly for what I do, but that doesn't mean I'm any more deserving of a good life than a teacher or a doctor or someone who fights in Afghanistan.
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We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
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There is no staff. I make all the investment decisions and I do all my own analysis.
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Beware of geeks bearing formulas.
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In one way, I'm sympathetic to the institutional reluctance to face the music. I'd give a lot to mark my weight to 'model' rather than to 'market.'
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In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard.
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It's just that I landed up in a terrific capitalist system. One that pays people who allocate capital extraordinarily well. Intrinsically, I'm not worth as much as somebody who invents something that could improves people's life, or health or whatever.
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When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.
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Trust is like the air we breathe--when it's present, nobody really notices when it's absent, everybody notices.
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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).
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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.
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The one piece of advice I can give you is, do what turns you on. Do something that if you had all the money in the world, you’d still be doing it. You’ve got to have a reason to jump out of bed in the morning.
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They say the chains of habit are too light to be felt until they are too heavy to be broken. The chains you put around yourself now have enormous consequences as you go through life.
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The secret to happiness is having low expectations.
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That which is not worth doing at all is not worth doing well.
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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.
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We make investment decisions based on our evaluation of the most profitable combination of probabilities.
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If I knew where I was going to want to live the next five or 10 years I would buy a home and I'd finance it with a 30-year mortgage... It's a terrific deal.
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