"If you want to shoot rare, fast-moving elephants, you should always carry a loaded gun."
Read quote
6 likes
Quote collection
Warren Buffett quotes (page 27 of 48)
959 quotes — follow a thought to its full quote page.
"Cash never makes us happy, but it's better to have the money burning a hole in Berkshire's pocket than resting comfortably in someone else's."
Read quote
6 likes
"I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time."
Read quote
6 likes
"Just look at that Forbes 400. Takes a billion three to get on the Forbes 400 this year. And the aggregate wealth is just staggering. And those people are paying less percentage of their total income to the federal government than their receptionists are. [...] I'll bet a million dollars against any member of the Forbes 400 who challenges - me that the average for the Forbes 400 will be less than the average of their receptionists."
Read quote
6 likes
"It is unquestionably true that the investment companies have their money more conventionally invested than we do. To many people conventionality is indistinguishable from conservatism. In my view, this represents erroneous thinking. Neither a conventional nor an unconventional approach, per se, is conservative."
Read quote
6 likes
"If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?"
Read quote
6 likes
"It's got to be the best intellectual exercise out there. You're seeing through new situations every ten minutes. In the stock market you don't base your decisions on what the market is doing, but on what you think is rational. Bridge is about weighing gain/loss ratios. You're doing calculations all the time."
Read quote
6 likes
"We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children."
Read quote
6 likes
"The advice "you never go broke taking a profit" is foolish."
Read quote
6 likes
"An investor needs to do very few things right as long as he or she avoids big mistakes."
Read quote
6 likes
"Remember that the stock market is manic-depressive."
Read quote
6 likes
"In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass."
Read quote
6 likes
"The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the passive group - the "know-nothings" - must win."
Read quote
6 likes
"I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless. I can't run very fast. I'm not particularly strong. I'd probably end up as some wild animal's dinner."
Read quote
6 likes
"We have long felt that the only value of stock forecasters is to make fortune-tellers look good."
Read quote
6 likes
"Does the business have favourable long term prospects?"
Read quote
6 likes
"You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it."
Read quote
6 likes
"In our view, though, investment students need only two well-taught courses-How to Value a Business, and How to Think about Market Prices. Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business who's earnings are virtually certain to be materially higher five, ten and twenty years from now."
Read quote
6 likes
"We've had public companies in the past in that business and they bleed. We've got a lot more blood than they do."
Read quote
6 likes
"I get to do what I like to do every single day of the year."
Read quote
6 likes