Warren Buffett Quotes, Sports Quotes, Hero Quotes

Tell me your heroes and I'll tell you how your life will end up

5 years ago

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Tags : Warren Buffett Quotes , Sports Quotes , Hero Quotes

If you invested in a very low cost index fund - where you don't put the money in at one time, but average in over 10 years -you'll do better than 90% of people who start investing at the same time.

5 years ago

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Tags : Warren Buffett Quotes , Average Quotes , Years 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

I've never been very fully employed either.

5 years ago

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Long ago, Ben Graham taught me that "Price is what you pay; value is what you get." Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.

5 years ago

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Tags : Warren Buffett Quotes , Long Ago Quotes , Investing Quotes

Never give up searching for the job that you're passionate about.

5 years ago

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Tags : Warren Buffett Quotes , Jobs Quotes , Giving Up Quotes

Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.

5 years ago

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Tags : Warren Buffett Quotes , Looks Quotes , Esoteric Quotes

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

5 years ago

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

Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting-based frauds of staggering size. Few of the perpetrators have been punished; many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun.

5 years ago

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Tags : Warren Buffett Quotes , Gun Quotes , Years Quotes

Mark Zuckerberg will be a hero to many young entrepreneurs 20 years from now. Bill Gates will be a hero to others, and they will look to those [people] like I read books when I was in my teens about Rockefeller or Carnegie.

5 years ago

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Tags : Warren Buffett Quotes , Book Quotes , Hero 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

Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem.

5 years ago

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I would say the biggest single cause was we had an incredible residential real estate bubble.

5 years ago

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Tags : Warren Buffett Quotes , Real Quotes , Causes Quotes

As of 1992, in fact-though the picture would have improved since then-the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero.

5 years ago

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Tags : Warren Buffett Quotes , Country Quotes , Zero 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'?

5 years ago

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Tags : Warren Buffett Quotes , Doctors Quotes , Two Quotes

It's a nightmare to administer some of this sort of thing, but I want to tell the shareholders of Berkshire, to the percent we own marketable securities or things for which there are market, even if those markets - I want to tell them what it's all about.

5 years ago

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Tags : Warren Buffett Quotes , Want Quotes , Nightmare Quotes

If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.

5 years ago

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You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.

5 years ago

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Tags : Warren Buffett Quotes , Life Quotes , People Quotes

Inactivity strikes us as intelligent behavior.

5 years ago

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Tags : Warren Buffett Quotes , Intelligent Quotes , Investing Quotes

Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.

5 years ago

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Tags : Warren Buffett Quotes , Average Quotes , Two Quotes