Warren Buffett Quotes, Goal Quotes, Ignored Quotes

We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are ignored.

5 years ago

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Tags : Warren Buffett Quotes , Goal Quotes , Ignored Quotes

If at first you do succeed, quit trying on investing.

5 years ago

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Tags : Warren Buffett Quotes , Trying Quotes , Investing Quotes

Be fearful when the markets get greedy, be greedy when the markets get fearful.

5 years ago

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Tags : Warren Buffett Quotes , Greedy Quotes

We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.

5 years ago

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Tags : Warren Buffett Quotes , Fighting Quotes , Choices 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 am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.

5 years ago

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Tags : Warren Buffett Quotes , Country Quotes , Boards Quotes

We like to buy businesses, but we don't like to sell them.

5 years ago

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Tags : Warren Buffett Quotes , Investing Quotes

When it's raining gold, reach for a bucket, not a thimble.

5 years ago

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Tags : Warren Buffett Quotes , Rain Quotes , Gold Quotes

In the search [of a deal], we adopt the same attitude one might find appropriate in looking for a spouse: It pays to be active, interested, and open-minded, but it does not pay to be in a hurry.

5 years ago

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Tags : Warren Buffett Quotes , Attitude Quotes , Doe Quotes

Our future rates of gain will fall far short of those achieved in the past. Berkshire's capital base is now simply too large to allow us to earn truly outsized returns. If you believe otherwise, you should consider a career in sales but avoid one in mathematics.

5 years ago

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Tags : Warren Buffett Quotes , Believe Quotes , Fall Quotes

Never invest in a business you don't understand.

5 years ago

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Tags : Warren Buffett Quotes

I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain.

5 years ago

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Tags : Warren Buffett Quotes , Years Quotes , Shy Quotes

Time is the friend of the wonderful business. It's the enemy of the lousy business. If you're in a lousy business for a long time, you're going to get a lousy result, even if you buy it cheap. If you're in a wonderful business for a long time, even if you pay a little too much going in, you're going to get a wonderful result if you stay in a long time.

5 years ago

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Tags : Warren Buffett Quotes , Time Quotes , Long 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

In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.

5 years ago

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Tags : Warren Buffett Quotes , Thinking Quotes , Errors Quotes

We have a country where I don't know whether it's a million households a year or more, but good form.

5 years ago

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Tags : Warren Buffett Quotes , Country Quotes , Years Quotes

The extraordinary business does not require good management.

5 years ago

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Tags : Warren Buffett Quotes , Good Man Quotes , Doe Quotes

Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two.

5 years ago

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Tags : Warren Buffett Quotes , Integrity Quotes , Two Quotes

I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.

5 years ago

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Tags : Warren Buffett Quotes , Source Quotes , Annual Reports Quotes

I know that Congress will do the right thing.

5 years ago

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Tags : Warren Buffett Quotes , Congress Quotes , Knows Quotes