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
Company
Sensible
Come
Pass
Enough
Majority
Great
Judgment
Industry
Cases
Simply
Situation
Judgments

More quotes by Warren Buffett

Image
It's class warfare, my class is winning, but they shouldn't be.
Warren Buffett
Image
Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
Warren Buffett
Image
Larger sums may be an advantage at some cases and a disadvantage at others.
Warren Buffett
Image
They [Goverment] take from the woman who comes in and takes the wastebaskets out.
Warren Buffett
Image
First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.
Warren Buffett
Image
We intend to continue our practice of working only with people whom we like and admire. This policy not only maximizes our chances for good results, it also ensures us an extraordinarily good time.
Warren Buffett
Image
The only way to be loved is to be loveable, which really irritates me.
Warren Buffett
Image
A home is one of the most important assets that most people will ever buy. Homes are also where memories are made and you want to work with someone you can trust.
Warren Buffett
Image
AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over 200 billion, the most respected insurer and everything in the world.
Warren Buffett
Image
I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.
Warren Buffett
Image
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.
Warren Buffett
Image
Every day that goes by, I mean, if you don't react to Pearl Harbor for a week or two weeks or three weeks, you're behind in the war that you otherwise would have fought.
Warren Buffett
Image
In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
Warren Buffett
Image
The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
Warren Buffett
Image
Market price, while used exclusively to value our investments in minority positions, is not a relevant factor when applied to our controlling interests.
Warren Buffett
Image
An IPO is like a negotiated transaction - the seller chooses when to come public - and it's unlikely to be a time that's favourable to you.
Warren Buffett
Image
Fund consultants like to require style boxes such as long-short, macro, international equities. At Berkshire our only style box is smart.
Warren Buffett
Image
They say the chains of habit are too light to be felt until they are too heavy to be broken. The chains you put around yourself now have enormous consequences as you go through life.
Warren Buffett
Image
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.
Warren Buffett
Image
Do what you would do for free, having passion for what you do is the most important thing.
Warren Buffett