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Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn't do any good to look at the cards.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Someone
Efficiency
Look
Bridges
Looks
Investing
Believe
Cards
Good
Market
Like
Playing
People
Told
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Bridge

More quotes by Warren Buffett

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Does the business have favourable long term prospects?
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Never ask a barber if you need a haircut.
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It’s not that I want money. It’s the fun of making money and watching it grow.
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If you were at Lehman, the same thing happened. If you were at AIG, the shareholders are getting creamed on these things. And those shareholders are not just a bunch of big shots in Wall Street. Those are pension funds, and those are investors all over the country. I wouldn't worry too much about that. Justice won't be perfect on it.
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You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.
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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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I am not in the business of predicting general stock market of business fluctuations. If you think I can do this, or think it is essential to an investment program, you should not be in the partnership.
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I think the worst mistake you can make in stocks is to buy or sell based on current headlines.
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... but the important thing is that when you do find one where you really do know what you are doing, you must buy in quantity.... Charlie and I have made a dozen or so very big decisions relative to net worth, although not as big as they should have been. And in each of those, we've known that we were almost certain to be right going in.
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Uncertainty is the friend of the buyer of long term values.
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I'd rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.
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We would do best in a market where everyone acted foolishly.
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Investing is the greatest business in the world because you never have to swing. You stand at the plate the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity. 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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If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
Warren Buffett
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The stockmarket is a semi-psychotic creature given to extremes of elation and despair.
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Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper for your friends and family to see.
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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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How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.
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If at first you do succeed, quit trying on investing.
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Cash, though, is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent... When bills come due, only cash is legal tender. Don't leave home without it.
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