Warren Buffett Quotes, Zero Quotes, Believe Quotes

I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood; in fact, if it occurswe will be selling life jackets to the unprepared.

5 years ago

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Tags : Warren Buffett Quotes , Zero Quotes , Believe Quotes

Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.

5 years ago

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Tags : Warren Buffett Quotes , Views Quotes , Investing Quotes

There are three important principles to Graham's approach. [The first is to look at stocks as fractional shares of a business, which] gives you an entirely different view than most people who are in the market. [The second principle is the margin-of-safety concept, which] gives you the competitive advantage. [The third is having a true investor's attitude toward the stock market, which] if you have that attitude, you start out ahead of 99 percent of all the people who are operating in the stock market - it's an enormous advantage.

5 years ago

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Tags : Warren Buffett Quotes , Attitude Quotes , Views Quotes

I've already written a section in the annual report for next year explaining why I think in one case that the figures on our balance sheet as calculated are wrong. But it's the standard way of doing it. It's holy writ. The SEC wants us to do it that way, and we'll do it that way, and I'll explain why I think it's wrong and shareholders can read it and see whether they agree with my logic or don't.

5 years ago

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Tags : Warren Buffett Quotes , Thinking Quotes , Years Quotes

The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.

5 years ago

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Tags : Warren Buffett Quotes , Figures Quotes , Obligation Quotes

You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.

5 years ago

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Tags : Warren Buffett Quotes , Business Quotes , Investment Success Quotes

Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices.

5 years ago

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Tags : Warren Buffett Quotes , Apples Quotes , Assets Quotes

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.

5 years ago

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Tags : Warren Buffett Quotes , Cutting Quotes , Thinking Quotes

It is to our advantage to have securities do nothing price-wise for months, or perhaps years, while we are buying them.

5 years ago

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Tags : Warren Buffett Quotes , Wise Quotes , Years Quotes

When you're associating with the people that you love, doing what you love, it doesn't get any better than that.

5 years ago

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Tags : Warren Buffett Quotes , Doing What You Love Quotes , People Quotes

It's just that I landed up in a terrific capitalist system. One that pays people who allocate capital extraordinarily well. Intrinsically, I'm not worth as much as somebody who invents something that could improves people's life, or health or whatever.

5 years ago

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Tags : Warren Buffett Quotes , People Quotes , Pay Quotes

What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.

5 years ago

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Tags : Warren Buffett Quotes , Information Quotes , Conclusion Quotes

The good thing is, we have household formation in this country.

5 years ago

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Tags : Warren Buffett Quotes , Country Quotes , Good Things Quotes

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

5 years ago

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Tags : Warren Buffett Quotes , Business Quotes , War Quotes

Risk can be greatly reduced by concentrating on only a few holdings.

5 years ago

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Tags : Warren Buffett Quotes , Risk Quotes , Investing Quotes

The typical large company has a compensation committee, They don't look for Dobermans on that committee, they look for chihuahuas.

5 years ago

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Tags : Warren Buffett Quotes , Typical Quotes , Looks Quotes

I view derivatives as time bombs, both for the parties that deal in them and the economic system.

5 years ago

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Tags : Warren Buffett Quotes , Party Quotes , Views Quotes

The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.

5 years ago

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Tags : Warren Buffett Quotes , Keys Quotes , Investing Quotes

When Berkshire Hathaway laid out three billion dollars for GE today, we didn't spend it, we invested it. When the Federal government buys the mortgages, they're not spending it, they're investing it. Now, they're investing it in distress type assets but they're buying them at distress prices if they buy them at market. It's the kind of stuff I love to do. I just don't have 700 million. Maybe we could go in it together.

5 years ago

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Tags : Warren Buffett Quotes , Government Quotes , Together Quotes

If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station - I'm talking of the past - you know, your idiot nephew could run it. And if you've got a really good business, it doesn't make any difference.

5 years ago

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Tags : Warren Buffett Quotes , Running Quotes , Past Quotes