"The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective."
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Quote collection
Warren Buffett quotes (page 15 of 48)
959 quotes — follow a thought to its full quote page.
"Never invest in a business you don't understand."
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"I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable."
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"When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever."
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"I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?"
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"The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper money (of whose value, as noted, they are right to be fearful). Gold, however, has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end."
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"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."
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"The ability to say no is a tremendous advantage for an investor."
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"Buy a business, don't rent stocks."
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"Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it."
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"A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem."
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"A diamond cannot be polished without friction, nor a person perfected without trials. Someone is enjoying shade today because someone planted a tree a long time ago."
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"In the business world, the rearview mirror is always clearer than the windshield."
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"The plan itself is opportunism. There is no plan before that."
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"Bad terminology is the enemy of good thinking."
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"You need a lot of curiosity for a long, long time."
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"If you have a great manager, you want to pay him very well."
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"I choose to work with every single person that I work with. That ends up being the most important factor. I don't interact with people I don't like or admire. That's the key. It's like marrying."
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"The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time."
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"I really like my life. I've arranged my life so that I can do what I want."
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