Warren Buffett Quotes, Morning Quotes, Names Quotes

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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Tags : Warren Buffett Quotes , Morning Quotes , Names Quotes

If you're in a card game and you can't figure out who the patsy is, you're it.

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Tags : Warren Buffett Quotes , Games Quotes , Cards Quotes

I never try to predict the market.

5 years ago

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Tags : Warren Buffett Quotes

We are trading away a little bit of our country all the time for this access consumption that we have over what we've produced. That is not good. I think it's terrible over time. But our country's productive grows enough so we actually can do that, and we'll still be better off. We just don't be as well off as if we hadn't done it.

5 years ago

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Tags : Warren Buffett Quotes , Country Quotes , Thinking Quotes

Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.

5 years ago

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Tags : Warren Buffett Quotes , Needs Quotes , Investing Quotes

We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.

5 years ago

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Tags : Warren Buffett Quotes , Events Quotes , Made Quotes

When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.

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Tags : Warren Buffett Quotes , Successful Quotes , Years Quotes

I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless. I can't run very fast. I'm not particularly strong. I'd probably end up as some wild animal's dinner.

5 years ago

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Tags : Warren Buffett Quotes , Running Quotes , Strong Quotes

I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.

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Tags : Warren Buffett Quotes , Kids Quotes , Liquor Stores Quotes

People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy internet stocks, they went crazy with the uranium stocks back when I was first getting started.

5 years ago

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Tags : Warren Buffett Quotes , Crazy Quotes , Sea Quotes

If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, the more vulnerable the business is, assuming you still want to invest in it, the larger margin of safety you'd need. If you're driving a truck across a bridge that says it holds 10,000 pounds and you've got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay, but if it's over the Grand Canyon, you may feel you want a little larger margin of safety.

5 years ago

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Tags : Warren Buffett Quotes , Bridges Quotes , Safety Quotes

Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis.

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Tags : Warren Buffett Quotes , Expectations Quotes , Results Quotes

If you buy the things you don't need, you will soon be selling the things that you need.

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Tags : Warren Buffett Quotes , Needs Quotes , Don't Need You Quotes

If you don't find a way to make money while you sleep, you will work until you die.

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Tags : Warren Buffett Quotes , Money Quotes , Business Quotes

Ben's Mr. Market allegory may seem out-of-date in today's investment world, in which most professionals and academicians talk of efficient markets, dynamic hedging and betas. Their interest in such matters is understandable, since techniques shrouded in mystery clearly have value to the purveyor of investment advice. After all, what witch doctor has ever achieved fame and fortune by simply advising 'Take two aspirins'?

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Tags : Warren Buffett Quotes , Doctors Quotes , Two Quotes

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.

5 years ago

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Tags : Warren Buffett Quotes , Running Quotes , Book Quotes

Traditional wisdom is long on tradition and short on wisdom.

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Tags : Warren Buffett Quotes , Long Quotes , Investing Quotes

Don't invest in pieces of papers (stocks), invest in great businesses underlying them

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Tags : Warren Buffett Quotes , Pieces Quotes , Paper Quotes

Diversification is protection against ignorance. It makes little sense if you know what you are doing.

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Tags : Warren Buffett Quotes , Life Quotes , Ignorance Quotes

To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.

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Tags : Warren Buffett Quotes , Successful Quotes , World Quotes