Warren Buffett

Investor, Businessman

Warren Buffett is a renowned investor and philanthropist known for his value investing philosophy and leadership at Berkshire Hathaway.

Born
August 30, 1930
Quotes
959
Rank
#308

Quote collection

Warren Buffett quotes (page 21 of 48)

959 quotes — follow a thought to its full quote page.

Warren Buffett Investor, Businessman
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"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."

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Warren Buffett Investor, Businessman
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"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."

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Warren Buffett Investor, Businessman
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"He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there."

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Warren Buffett Investor, Businessman
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"An ounce of prevention is worth a pound of cure understated."

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Warren Buffett Investor, Businessman
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"You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes"

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Warren Buffett Investor, Businessman
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"We would do best in a market where everyone acted foolishly."

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"The only time to buy these is on a day with no 'y' in it."

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"But, surprise - none of these blockbuster events made the slightest dent in Ben Graham's investment principles. Nor did they render unsound the negotiated purchases of fine businesses at sensible prices. Imagine the cost to us, then, if we had let a fear of unknowns cause us to defer or alter the deployment of capital. Indeed, we have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist."

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"The greater the potential for reward in the value portfolio, the less risk there is."

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"At this point, when treasury bills, seven day treasury bills at 1/20th of one percent, it's not because people want to earn 1/20th of one percent, it's because they trust the fact the treasury will give it back to them next week."

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"We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing."

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"The dominant factors affecting control valuations are earning power (past and prospective) and asset values."

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"Managers that always promise to 'make the numbers' will at some point be tempted to make up the numbers."

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"Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas."

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"I have no idea on timing. It’s easier to tell what will happen than when it will happen. I would say that what is going on in terms of trade policy is going to have very important consequences."

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"There is one thing of which I can assure you. If good performance of the fund is even a minor objective, any portfolio encompassing one hundred stocks (whether the manager is handling one thousand dollars or one billion dollars) is not being operated logically. The addition of the one hundredth stock simply can't reduce the potential variance in portfolio performance sufficiently to compensate for the negative effect its inclusion has on the overall portfolio expectation."

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"There's not many businesses where someone can come in and offer to cut the price in half and somebody doesn't think about shifting. But that's the nature of the ratings business."

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Warren Buffett Investor, Businessman
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"You don't ever ask a barber whether you need a haircut."

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"Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised."

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