Quote

In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Industry
Cases
Simply
Situation
Judgments
Company
Sensible
Come
Pass
Enough
Majority
Great
Judgment

More quotes by Warren Buffett

Image
If you gave me the choice of being CEO of General Electric or IBM or General Motors, you name it, or delivering papers, I would deliver papers. I would. I enjoyed doing that. I can think about what I want to think. I don't have to do anything I don't want to do.
Warren Buffett
Image
A very rich person should leave his kids enough to do anything, but not enough to do nothing.
Warren Buffett
Image
Forecasts may tell you a great deal about the forecaster they tell you nothing about the future.
Warren Buffett
Image
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.
Warren Buffett
Image
You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing. I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it.
Warren Buffett
Image
Larger sums may be an advantage at some cases and a disadvantage at others.
Warren Buffett
Image
The difference between successful people and really successful people is that really successful people say no to almost everything.
Warren Buffett
Image
A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.
Warren Buffett
Image
An investor needs to do very few things right as long as he or she avoids big mistakes.
Warren Buffett
Image
Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.
Warren Buffett
Image
In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business by tricks of accounting or capital structure. The man claiming to be a financial alchemist may become rich. But gullible investors rather than business achievements will usually be the source of his wealth.
Warren Buffett
Image
The first rule is not to lose. The second rule is not to forget the first rule.
Warren Buffett
Image
Problems in a company are like cockroaches in the kitchen. You will never find just one
Warren Buffett
Image
The Happiest people DO NOT necessarily have the BEST THINGS. They simply APPRECIATE the things they have.
Warren Buffett
Image
If you invested in a very low cost index fund - where you don't put the money in at one time, but average in over 10 years -you'll do better than 90% of people who start investing at the same time.
Warren Buffett
Image
The rich invest in time, the poor invest in money.
Warren Buffett
Image
To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.
Warren Buffett
Image
Anyone who believes a growth rate in excess of 15% per annum over the long term is attainable should pursue a career in sales, but avoid one in mathematics.
Warren Buffett
Image
Does management resist the institutional imperative?
Warren Buffett
Image
Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
Warren Buffett