Warren Buffett Quotes, Long Quotes, Tools Quotes

Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate diversification, the payment of high and unnecessary fees to managers and advisors, and the use of borrowed money can destroy the decent returns that a life-long owner of equities would otherwise enjoy. Indeed, borrowed money has no place in the investor's tool kit.

4 years ago

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Tags : Warren Buffett Quotes , Long Quotes , Tools Quotes

The optimum portfolio depends on the various expectations of choices available and the degree of variance in performance which is tolerable. The greater the number of selections, the less will be the average year-to-year variation in actual versus expected results. Also, the lower will be the expected results, assuming different choices have different expectations of performance.

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Tags : Warren Buffett Quotes , Average Quotes , Years Quotes

It is madness to risk losing what you need in pursuing what you simply desire.

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Tags : Warren Buffett Quotes , Risk Quotes , Desire 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.

4 years ago

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Tags : Warren Buffett Quotes , Integrity Quotes , Two Quotes

In one way, I'm sympathetic to the institutional reluctance to face the music. I'd give a lot to mark my weight to 'model' rather than to 'market.'

4 years ago

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Tags : Warren Buffett Quotes , Giving Quotes , Weight Quotes

Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.

4 years ago

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Tags : Warren Buffett Quotes , Long Quotes , People Quotes

Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which governs valuation of minority interest positions, is of little or no importance in valuing a controlling interest.

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Tags : Warren Buffett Quotes , Minorities Quotes , Littles Quotes

To win, the first thing you have to do is not lose.

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Tags : Warren Buffett Quotes , Winning Quotes , Firsts 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

Take the high road; it's far less crowded.

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Tags : Warren Buffett Quotes , Taking The High Road Quotes , High Road 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.

4 years ago

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Tags : Warren Buffett Quotes , Running Quotes , Book Quotes

I never invest in anything that I don't understand.

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It irritates the hell out of me but you can't buy love.

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One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as 'marketability' and 'liquidity,' sing the praises of companies with high share turnover... but investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pick pocket of enterprise.

4 years ago

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Tags : Warren Buffett Quotes , Pockets Quotes , Investing Quotes

If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.

4 years ago

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Tags : Warren Buffett Quotes , Trying Quotes , Scare 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.

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Tags : Warren Buffett Quotes , Keys Quotes , Investing Quotes

At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgments made by a risk committee or chief risk officer.

4 years ago

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Tags : Warren Buffett Quotes , Book Quotes , Risk Quotes

A prediction about the direction of the stock market tells you nothing about where stocks are headed, but a whole lot about the person doing the predicting.

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Tags : Warren Buffett Quotes , Investing Quotes , Predictions Quotes

I've read about all the sales today. If you're an auto dealer, you're feeling it. If you're a furniture retailer like we are, you're feeling it. If you're a jewelry retailer, you're feeling it. I know some of these businesses because we're in them. Yeah, it's being felt, but it will be felt big time more if we don't do something about it, what's going on.

4 years ago

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Tags : Warren Buffett Quotes , Feelings Quotes , Today Quotes

I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.

4 years ago

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Tags : Warren Buffett Quotes , Teacher Quotes , Fate Quotes