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Warren Buffett Quotes - Page 11

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Investors should remember that excitement and expenses are their enemies.

Investors should remember that excitement and expenses are their enemies.

Investing Money, Investment Success, Enemy

Berkshire Hathaway Inc. Chairman's Letter, www.berkshirehathaway.com. 2004.

Charlie and I have a number of filters that things have to get through before we'll think about them.

Thinking, Numbers, Filters

It's a lot easier to buy things than it is to sell them.

Easier, Sells

There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.

War, Winning, Class

"In Class Warfare, Guess Which Class Is Winning". New York Times Magazine, www.nytimes.com. November 26, 2006.

The best thing I did was choose the right heroes.

Hero, Best Things

I don't have my diploma from the University of Nebraska hanging on my office wall, and I don't have my diploma from Columbia up there either-but I do have my Dale Carnegie graduation certificate proudly displayed.

Wall, Office, Nebraska

I want to be able to explain my mistakes. This means I do only the things I completely understand.

Mistake, Mean, Want

Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.

Investing Money, Talking, Quality

Berkshire Hathaway Inc. Chairman's Letter, 2008.

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.

Bridges, Safety, Needs

"Of Permanent Value : The Story of Warren Buffett". Book by Andrew Kilpatrick, Vol. 2 (p. 1615), 2007.

There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do.

Business, Mean, Night

The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.

Business, Insightful, Causes

Chairman's Letter to the Shareholders of Berkshire Hathaway Inc., www.berkshirehathaway.com. 1990.

The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.

Business, Investing Money, Tables

"Homespun Wisdom from the 'Oracle of Omaha' Businessweek". July 5, 1999.

When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.

Want, Looks, Annual Reports

You’d get very rich if you thought of yourself as having a card with only twenty punches in a lifetime, and every financial decision used up one punch. You’d resist the temptation to dabble. You’d make more good decisions and you’d make more big decisions.

Decision, Temptation, Twenties

"You Only Live Once, So Do It Warren Buffett’s Way" by John G. Taft, www.huffingtonpost.com. August 28, 2014.

Bad terminology is the enemy of good thinking.

Thinking, Enemy, Good Thinking

There are a few investment managers, of course, who are very good - though in the short run, it's difficult to determine whether a great record is due to luck or talent. Most advisors, however, are far better at generating high fees than they are at generating high returns. In truth, their core competence is salesmanship. Rather than listen to their siren songs, investors - large and small - should instead read Jack Bogle's The Little Book of Common Sense Investing.

Running, Song, Book

Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.

Trying, Littles, Here And There

"What Warren thinks". Interview with Nicholas Varchaver, archive.fortune.com. April 14, 2008.

When they get their ego involved, people do things they shouldn't do.

People, Ego, Investing

In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard.

Baseball, Running, Watches

If you want your business to survive for 100 years, you've got to make it through every single day for 100 years. It's not enough to do it 99.9% of the time.

Business, Years, Want

You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself

Effort, Nuance, Imperfect

An IPO is like a negotiated transaction - the seller chooses when to come public - and it's unlikely to be a time that's favourable to you.

Unlikely, Transactions, Sellers

Activity is the enemy of investment returns.

Enemy, Investing, Return

Money to some extent sometimes let you be in more interesting environments. But it can't change how many people love you or how healthy you are.

Love You, People, Interesting

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.

Average, Two, Needs

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