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What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Investments
Unimportant
Investment
Figure
Figures
Forget
Important
Knowable
Really
Unknowable

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I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need.
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Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.
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The most common cause of low prices is pessimism - sometimes pervasive, sometimes 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.
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A single year's performance is of minor importance and, good or bad, should never be taken seriously.
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Stop trying to predict the direction of the stock market, the economy or elections.
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All but a few of the organizations do not specifically promise to deliver superior investment performance although it is perhaps not unreasonable for the public to draw such an inference from their advertised emphasis on professional management.
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Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.
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I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. You need to fill your mind with various competing thoughts and decide which make sense.
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All day you wait for the pitch you like then when the fielders are asleep, you step up and hit it.
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We will reject interesting opportunities rather than over-leverage our balance sheet.
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I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.
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The advice you never go broke taking a profit is foolish.
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Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
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It is madness to risk losing what you need in pursuing what you simply desire.
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If anything, taxes for the lower and middle class and maybe even the upper-middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
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Occasionally, a man must rise above principles.
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I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.
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Knowing what to leave out is just as important as knowing what to focus on.
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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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Sound investing can make you very wealthy if you're not in too big a hurry
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