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I can do anything I want, basically, as long as it doesn't involve athletic ability, or something like that.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Anything
Long
Something
Like
Involve
Athletic
Basically
Ability
Doesn
More quotes by Warren Buffett
There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.
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I have an 800 freephone number now that I call if I get the urge to buy an airline stock. I call at two in the morning and I say: My name is Warren and I'm an aeroholic. And then they talk me down.
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A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.
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People who watch their weight, golf scores, and fuel bills seem to shun quantitative evaluation of their investment management skills although it involves the most important client in the world-themselves.
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The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.
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Do not take yearly results too seriously. Instead, focus on four or five-year averages.
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We don't get paid for being busy, we get paid for being right.
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Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.
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I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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I don't measure my life by the money I've made. Other people might, but certainly don't.
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Nevertheless, as circumstances presently appear, I feel substantially greater size is more likely to harm future results than to help them. This might not be true for my own personal results, but it is likely to be true for your results.
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Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if you call a tail a leg? The answer: Four, because calling a tail a leg doesn't make it a leg.
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Forecasts may tell you a great deal about the forecaster they tell you nothing about the future.
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We make investment decisions based on our evaluation of the most profitable combination of probabilities.
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The difference between successful people and really successful people is that really successful people say no to almost everything.
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The Noah rule: Predicting rain doesn't count building arks does.
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With housing it's something even more dramatic than that, because most people aspire to own their own home.If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year.That's not true of an Internet stock. But it's true of a home.
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You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not stocks, and if the business does all right over the long term, so will the stock.
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Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.
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People will always try to stop you from doing the right thing if it is unconventional.
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