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There's not many businesses where someone can come in and offer to cut the price in half and somebody doesn't think about shifting. But that's the nature of the ratings business.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Thinking
Half
Rating
Business
Shifting
Doesn
Businesses
Nature
Offer
Someone
Price
Come
Offers
Many
Cutting
Think
Somebody
Ratings

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What we really want to do is buy businesses that we would be happy to own forever.
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At age 19, I read a book [The Intelligent Investor] and what I'm doing today, at age 76, is running things through the same thought process I learned from the book I read at 19.
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I really like my life. I've arranged my life so that I can do what I want.
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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.
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If you own the only newspaper in town, up until the last five years or so, you have pricing power and you didn't have to go to the office.
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The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.
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You do not adequately protect yourself by being half awake when other are sleeping.
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...I will give you two pieces of advice. Invest as much in yourself as you can you are your own best asset by far. Then follow your passion you want to be really excited to get out of bed every morning.
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Basically, the single-most important decision in evaluating a business is pricing power.
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If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.
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You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself
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Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses
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Investing requires qualities of temperament way more than it requires qualities of intellect.
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Chains of habit are too light to be felt until they are too heavy to be broken.
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The most important investment you can make is in yourself. Very few people get anything like their potential horsepower translated into the actual horsepower of their output in life. Potential exceeds realization for many people...The best asset is your own self. You can become to an enormous degree the person you want to be.
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Don't settle for anything other than your passion - if you're lucky enough to find it.
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When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.
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The most important thing in terms of your circle of competence is not how large the area of it is, but how well you've defined the perimeter.
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America should stand for more than just wealth.
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I like to buy things I can understand. I do a lot of research on things.
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