"The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses."
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Quote collection
Warren Buffett quotes (page 35 of 48)
959 quotes — follow a thought to its full quote page.
"An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace."
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"I learned to go into business only with people whom I like, trust, and admire."
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"Investing is not as tough as being a top-notch bridge player. All it takes is the ability to see things as they really are."
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"Your money can be inflated away but your knowledge and talent cannot."
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"The secret is to find what you love to do.I mean, I tell the students look for the job that you would take if you didn't need a job. I mean, it's that simple. And I was lucky enough to find it very early in life. And then the second thing is to have people around you that make feel good every day, and make you a better person than you otherwise would be."
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"Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can."
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"The power of unconditional love. I mean, there is no power on earth like unconditional love."
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"I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need."
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"An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business."
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"Good profits simply are not inconsistent with good behavior."
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"In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't."
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"I have always cautioned partners that I considered three years a minimum in determining whether we were "performing"."
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"The future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values."
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"So if you are evaluating others (or yourself!) in the investment field, think out some standards - apply them - interpret them."
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"[W]e think the very term 'value investing' is redundant. What is 'investing' if it is not the act of seeking value at least sufficient to justify the amount paid? Consciously paying more for a stock than its calculated value -- in the hope that it can soon be sold for a still-higher price -- should be labeled speculation (which is neither illegal, immoral nor -- in our view -- financially fattening)."
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"Our marketable equities tell us by their operating results - not by their daily, or even yearly, price quotations - whether our investments are successful. The market may ignore business success for a while, but eventually will confirm it."
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"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."
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"My favorite time frame for holding a stock is forever."
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"We make investment decisions based on our evaluation of the most profitable combination of probabilities."
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