"... not doing what we love in the name of greed is very poor management of our lives."
Quote collection
Warren Buffett quotes (page 32 of 48)
959 quotes — follow a thought to its full quote page.
"Calculate "owner earnings" to get a true reflection of value."
"It's almost impossible to overpay the truly extraordinary CEO... but the species is rare."
"In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now."
"I don't want to be on the other side of the table from the customer. I was never selling anything that I didn't believe in myself or use myself."
"If you hit a hole in one every hole, you wouldn’t play golf for very long."
"I can't promise results, but I can promise a common destiny."
"Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if you call a tail a leg? The answer: Four, because calling a tail a leg doesn't make it a leg."
"I'll bring my tax returns; you bring yours. I'll meet you anytime anywhere."
"If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety."
"I spend twelve hours a week - a little over 10% of my waking hours - playing the game. Now I am trying to figure out how to get by on less sleep in order to fit in a few more hands."
"... the best way to own common stocks is through an index fund."
"That's been lost. It's a huge problem. What you have is you have the major institutions of the world all wanting to deleverage. They want to take down their assets and liabilities. What seemed so easy to borrow against a year ago now looks like rat poison to them. So they're trying to deleverage. There is only one institution in the world that can leverage up in a way that's all a countervailing force to that, and that's the United States Treasury."
"The financial calculus that Charlie and I employ would never permit our trading a good night's sleep for a shot at a few extra percentage points of return. I've never believed in risking what my friends and family have and need in order to pursue what they don't have and don't need."
"For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get."
"My father was the best person i've ever known."
"I have no views as to where it will be, but the one thing I can tell you is it won't do anything between now and then except look at you. Whereas, you know, Coca-Cola (KO) will be making money, and I think Wells Fargo (WFC) will be making a lot of money and there will be a lot - and it's a lot - it's a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that."
"Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices."
"Equities will do well over time - you just have to avoid getting excited when other people are getting excited."
"Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow."