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Making money isn't the backbone of our guiding purpose it is the by-product of our guiding purpose.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Backbone
Product
Products
Purpose
Making
Money
Guiding

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An investor needs to do very few things right as long as he or she avoids big mistakes.
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Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.
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I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc.
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People do, as long as you have markets, you'll have excesses.
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If you cannot control your emotions, you cannot control your money.
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Does the business have favourable long term prospects?
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Buy stocks like you buy your groceries, not like you buy your perfume.
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The value of a business is the cash it's going to produce in the future.
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It is to our advantage to have securities do nothing price-wise for months, or perhaps years, while we are buying them.
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The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.
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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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With a wonderful business, you can figure out what will happen you can't figure out when it will happen. You don't want to focus on when, you want to focus on what. If you're right about what, you don't have to worry about when
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The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.
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The Noah rule: Predicting rain doesn't count building arks does.
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You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.
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I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.
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Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it's the lack of change that appeals to me. I don't think it is going to be hurt by the Internet. That's the kind of business I like.
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You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment you’re making, or whatever it may be. And if it can’t stand applying pencil to paper, you’d better think it through some more. And if you can’t write an intelligent answer to those questions, don’t do it.
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The first rule is not to lose. The second rule is not to forget the first rule.
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Investment ideas, like women are often more exciting than punctual.
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