Quote

The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Satisfied
Inner
Question
Whether
Scorecard
Bigs
Outer
Helping
Behave
People
Helps

More quotes by Warren Buffett

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You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.
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The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.
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Turnarounds seldom turn.
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I just don't see anything available that gives any reasonable hope of delivering such a good year and I have no desire to grope around, hoping to 'get lucky' with other people's money. I am not attuned to this market environment, and I don't want to spoil a decent record by trying to play a game I don't understand just so I can go out a hero.
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If you're extremely rich, and you have got children, my theory was, you give them enough so they can do anything, but not enough so they can do nothing.
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We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.
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Never invest in a business you can't understand
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Stocks of companies selling commodity-like products should come with a warning label: Competition may prove hazardous to human wealth.
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An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.
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I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter.
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We have a country where I don't know whether it's a million households a year or more, but good form.
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The Fed is the greatest hedge fund in history.
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Asking for financial advice from a financial planner is like asking a barber if you need a hair cut.
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Money is not everything. Make sure you earn a lot before speaking such nonsense.
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If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isn’t necessary you only need to understand the actions you undertake.
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Basically, the single-most important decision in evaluating a business is pricing power.
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No matter how great the talent or efforts, some things just take time.
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If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.
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I may have more money than you, but money doesn't make the difference. If there is any difference between you and me, it may simply be that I get up and have a chance to do what I love to do, every day. If you learn anything from me, this is the best advice I can give you.
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If you are a professional and have confidence, then I would advocate lots of concentration.
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