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Ignore the stock market, ignore the economy, and buy a business you understand.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Ignore
Market
Economy
Understand
Business
Stock

More quotes by Warren Buffett

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We've actually been pretty good on exports. I mean we are exporting 12% of our GDP now roughly.
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We make investment decisions based on our evaluation of the most profitable combination of probabilities.
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If a business does well, the stock eventually follows.
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I have an 800 freephone number now that I call if I get the urge to buy an airline stock. I call at two in the morning and I say: My name is Warren and I'm an aeroholic. And then they talk me down.
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Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.
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Goldman Sachs saying they might be interested in such an investment. I'm familiar with the company. I've known the management, the current management, Jack Welch before Jeff Immelt. I've known him for decades.
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I think any time you couple the term Wall Street with bailout or something like that, you know - I don't like what's going on in Wall Street.
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I am a better investor because I am a businessman, and a better businessman because I am no investor.
Warren Buffett
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If you have a harem of 40 women, you never get to know any of them very well.
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I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
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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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If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich.
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As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.
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Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
Warren Buffett
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You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it.
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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.
Warren Buffett
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If you can eliminate the government as a 39.6% partner, then you will be much better off.
Warren Buffett
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I'm happy when I can spend every day doing the things that I like to do. That's my luxury.
Warren Buffett
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Does management resist the institutional imperative?
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First come the innovators, then come the imitators, then come the idiots.
Warren Buffett