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Warren Buffett Quotes - Page 26

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

If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.

If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.

Loser, Winner, Score

Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying we're going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent. Only in Grover Norquist's imagination does such a response exist.

Business, Imagination, Earning

"A Minimum Tax for the Wealthy". www.realclearpolitics.com. November 26, 2012.

If you don't know the Jewelry, know the Jeweller

Risk, Jewelry, Management

There seems to be some perverse human characteristic that likes to make easy things difficult.

Life, Nature, War

"The Superinvestors of Graham-and-Doddsville". Essay by Warren Buffett published in Hermes, the Columbia Business School Magazine (1984), later quoted in "31 years ago, Warren Buffett revealed the secret to investing and correctly predicted nobody would listen" by Myles Udland, www.businessinsider.com. August 24, 2015.

If I subscribed to the efficient market theory I would still be delivering papers

Paper, Theory, Stills

It makes a difference who the treasury secretary is.

Differences, Making A Difference, Treasury

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

In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.

Book, Years, Percentages

Richard J. Connors, Warren Buffett (2010). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.220, John Wiley & Sons

I can't promise results, but I can promise a common destiny.

Destiny, Promise, Common

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.

Gun, Years, Vices

Berkshire Hathaway Inc. Chairman's Letter, www.berkshirehathaway.com. 1988.

One observer commenting on security analysts over forty stated: "They know too many things that are no longer true." As long as I am "on stage", publishing a regular record and assuming responsibility for management of what amounts to virtually 100% of the net worth of many partners, I will never be able to put sustained effort into any non-BPL activity. If I am going to participate publicly. I can't help being competitive. I know I don't want to be totally occupied with out-pacing an investment rabbit all my life. The only way to slow down is to stop.

Responsibility, Long, Effort

The fact that people will be full of greed, fear, or folly is predictable. The sequence is not predictable.

People, Greed, Investing

Financial Review, 1985.

You should look at stocks as small pieces of business.

Looks, Pieces, Should

Let only individuals contribute - with sensible limits per election. Otherwise, we are well on our way to ensuring that a government of the moneyed, by the moneyed, and for the moneyed shall not perish from the earth.

Government, Earth, Way

Writing a check separates a commitment from a conversation.

Writing, Commitment, Checks

Failing conventionally is the route to go; as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press

Business, Groups, Rotten

Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.146, John Wiley & Sons

We can afford to lose money - even a lot of money. But we can't afford to lose reputation - even a shred of reputation.

Reputation, Lots Of Money, Loses

Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.212, John Wiley & Sons

... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.

Important, Fiscal Policy, Investing

When we really sit back with a smile on our face is when we run into a situation we can understand, where the facts are ascertainable and clear, and the course of action obvious.

Running, Faces, Facts

I have a house that I bought 55 years ago. It's warm in the winter; it's cool in the summer. It has everything I wanted, plus it has all kinds of good memories. Like my kids, I have good thoughts about that. I can't imagine living any better.

Summer, Memories, Kids

We look for things I can understand. A lot of businesses I don't understand.

Looks, I Can

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

Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich.

Ideas, People, Causes

Richard J. Connors, Warren Buffett (2010). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.30, John Wiley & Sons

If I taught a class, on my final exam I would take an Internet company and ask, 'How much is this company worth?' Anyone who would answer, I would flunk.

Class, Finals, Answers

"Buffet Says 'No' to Tech Stocks". www.wired.com. May 05, 1998.

Banking is very good business if you don't do anything dumb.

Dumb, Banking, Good Business

I'm putting all my money in the Chinese toy market.

Chinese, Toys

When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.

Business, Investing Money, Forever

Lawrence A. Cunningham, Warren E. Buffett (2013). “The Essays of Warren Buffett: Lessons for Corporate America (Third Edition)”, p.63, Carolina Academic Press

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