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Continually challenge and be willing to amend your best loved ideas.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Loved
Willing
Challenges
Best
Ideas
Amend
Continually
Challenge

More quotes by Warren Buffett

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Larger sums may be an advantage at some cases and a disadvantage at others.
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We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
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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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Focus on return on equity, not earnings per share.
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The fundamental basis of above-average performance in the long run is sustainable competitive advantage.
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Our policy is to concentrate holdings. We try to avoid buying a little of this or that when we are only lukewarm about the business or its price. When we are convinced as to attractiveness, we believe in buying worthwhile amounts.
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My father was the best person i've ever known.
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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.
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Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.
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Forecasts may tell you a great deal about the forecaster they tell you nothing about the future.
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The trick is, when there is nothing to do, do nothing.
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What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.
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If I got a chance to take one percent of the deal either way, I would make that bet.
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When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
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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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Does the business have a consistent operating history?
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Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.
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I don't measure my life by the money I've made. Other people might, but certainly don't.
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Stocks are the only thing that people are happy to buy when the price goes up.
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You can lose leverage, and it's the only way a smart guy can go broke.
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