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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
Question
Whether
Bigs
Scorecard
Helping
Outer
People
Behave
Helps
Satisfied
Inner

More quotes by Warren Buffett

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An investor should act as though he had a lifetime decision card with just twenty punches on it.
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I mean, you can explain the fact that these are depressed prices, you know. We think these assets are going to be worth a lot more. And I think that case can be made in certain situations. But I think to just say, you know, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today.
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By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.
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We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
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If you hit a hole in one every hole, you wouldn’t play golf for very long.
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I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.
Warren Buffett
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You can't buy what is popular and do well.
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Someone's sitting in the shade today because someone planted a tree a long time ago. The person sitting in the shade now should be grateful for the person who planted and tended that tree. That includes all those benefactors of humanity throughout history that created, invented, financed, produced, maintained and improved all that we enjoy today.
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You don't have to be a genius to invest well
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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.
Warren Buffett
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If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.
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It's going to be tough because the economy is going to be getting worse for a while. And it might fall off a cliff if this doesn't pass. But nobody will ever know that if it does.
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If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.
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Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.
Warren Buffett
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Traditional wisdom is long on tradition and short on wisdom.
Warren Buffett
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I think the worst mistake you can make in stocks is to buy or sell based on current headlines.
Warren Buffett
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You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.
Warren Buffett
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Does the business have favourable long term prospects?
Warren Buffett
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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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I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.
Warren Buffett