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Warren Buffett Quotes - Page 12

All Quotes Age Balance Belief Borrowing Business Challenges Children Choices Coca Cola Community Compensation Concentration Country Desire Discipline Earth Economics Economy Effort Energy Expectations Fear Fighting Focus Fun Funny Generosity Giving Giving Up Gold Golf Good Times Greed Growth Heart Hell Home House Ignorance Inflation Inspirational Integrity Jewelry Judgment Learning Life Losing Loss Lying Making Money Management Mathematics Money Morning Motivational Office Opportunity Passion Past Purpose Quality Rain Rationality Reputation Risk Running Safety School Selling Sleep Sloth Speculation Strategy Style Success Talent Taxes Time Today Understanding Values Waiting Wall Wealth Winning Worry Writing

The gross profits in many workouts appear quite small. It's a little like looking for parking meters with some time left on them. However, the predictability coupled with a short holding period produces quite decent

The gross profits in many workouts appear quite small. It's a little like looking for parking meters with some time left on them. However, the predictability coupled with a short holding period produces quite decent average annual rates of return after allowance for the occasional substantial loss.

Workout, Loss, Parking Meters

An investor should act as though he had a lifetime decision card with just twenty punches on it.

Decision, Twenties, Cards

I measure success by how many people love me. And the best way to be loved is to be lo veable.

People, Way, Measure Of Success

"8 Unusual Things I Learned From Warren Buffett" by James Altucher, jamesaltucher.com.

I checked the actuarial tables, and the lowest death rate is among six-year-olds. So I decided to eat like a six-year-old.

Years, Tables, Six

"Diet Advice From Warren Buffett" by Tom Philpott, www.motherjones.com. February 27, 2015.

Investing is not as tough as being a top-notch bridge player. All it takes is the ability to see things as they really are.

Player, Bridges, Investing

All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it.

Waiting, Steps, Step Up

Interview in "Forbes" Magazine, November 1, 1974.

The future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.

Long, Pay, Buyers

"You Pay A Very High Price In The Stock Market For A Cheery Consensus". Article by Warren Buffett, www.forbes.com. November 9, 2008.

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.

Long, Tools, Use

Wall Street makes its money on activity. You make your money on inactivity.

Wall, Streets, Inactivity

If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.

Years, Waste, Investment

The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.

Business, Long, Giving

When somebody makes it very easy for you to do it by saying you don't really have to put up my money, you can lie about your income a little, or we'll give you 100 percent mortgage, you're going to do it, because everybody that's done it has been proven right. You have social tools, and you're going to feel like an idiot if you didn't do it, because the house cost more.

Lying, Giving, House

"Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.

A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling.

Thinking, Crowds, Strategy

1990 Berkshire Hathaway Shareholder Letter, www.berkshirehathaway.com. 1990.

To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. You must supply the emotional discipline.

Emotional, Discipline, Decision

"3 Books That Changed Warren Buffett's Life" by Patrick Morris, www.fool.com. December 25, 2013.

You should invest like a Catholic marries: for life.

Catholic, Should

If knowing history made you rich, librarians would be billionaires.

Knowing, Would Be, Rich

I mean you know at midnight everything is going to turn to pumpkins and mice; right? But if the evening goes along, I mean, you know, the guys look better all the time, the music sounds better, it's more and more fun, you think why the hell should I leave at quarter of 12. I'll leave at two minutes to 12. But the trouble is, there are no clocks on the wall. And everybody thinks they're going to leave at two minutes to 12.

Wall, Fun, Mean

"Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.

I bought my first stock in 1942, in the summer of '42. I was 11 years old. And so 75 years have gone by. And I have never known what the market's going to do the next day. And that's not my game. My game is to decide whether I'm in the right economy, which America's definitely been ever since that time. The Dow has gone from 100 to 21,000 during that time. And no matter what the headlines say, or terrible things are happening - we were losing the war in the Pacific when I first bought stocks.

Summer, War, Losing

Source: www.pbs.org

I've often felt there might be more to be gained by studying business failures than business successes.

Business Success, Might, Study

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'?

Doctors, Two, Advice

Chairman's Letter to the Shareholders of Berkshire Hathaway Inc., www.berkshirehathaway.com. 1987.

You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right - that's the only thing that makes you right. And if your facts and reasoning are right, you don't have to worry about anybody else.

People, Worry, Investing

"The Best Advice I Ever Got". Interview with Julia Boorstin, archive.fortune.com. March 21, 2005.

Investors should remember that their scorecard is not computed using Olympic-diving methods: Degree-of-difficulty doesn't count. If you are right about a business whose value is largely dependent on a single key factor that is both easy to understand and enduring, the payoff is the same as if you had correctly analyzed an investment alternative characterized by many constantly shifting and complex variables.

Keys, Degrees, Alternatives

Letter To the Shareholders of Berkshire Hathaway Inc., www.berkshirehathaway.com. March 7, 1995.

A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.

Needs, World, Wonderful

Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.

Investing, Ears, Tvs

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

Winning, Firsts, Loses

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