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We still find very few [stocks] that even mildly interest us. That dismal fact is testimony to the insanity of valuations reached during The Great Bubble. Unfortunately, the hangover may prove to be proportional to the binge.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
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Omaha
Nebraska
Warren Edward Buffett
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More quotes by Warren Buffett

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Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
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Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.
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Investing is not as tough as being a top-notch bridge player. All it takes is the ability to see things as they really are.
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All I have to do is think and not be influenced by others.
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Occasionally, a man must rise above principles.
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I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we've seen so much of that in the last 20 years.
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There's no use running if you're on the wrong road.
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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
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I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.
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I would say the biggest single cause was we had an incredible residential real estate bubble.
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Confidence in markets and in institutions, it's a lot like oxygen. When you have it, you don't even think about it. It's indispensable. You can go years without thinking about it. When it's gone for five minutes, it's the only thing to think about.
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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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I learned to go into business only with people whom I like, trust, and admire.
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The Happiest people DO NOT necessarily have the BEST THINGS. They simply APPRECIATE the things they have.
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Remember that the stock market is manic-depressive.
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When they get their ego involved, people do things they shouldn't do.
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Do not save what is left after spending, but spend what is left after saving.
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