"Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn't do any good to look at the cards."
Read quote
3 likes
Quote collection
Warren Buffett quotes (page 38 of 48)
959 quotes — follow a thought to its full quote page.
"I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say."
Read quote
3 likes
"We need a tax system that essentially takes very good care of the people who just really aren't as well adapted to the market system but are nevertheless doing useful things in the society."
Read quote
3 likes
"You get in a lot of trouble when you start putting fictitious numbers."
Read quote
3 likes
"If principles can become dated, they're not principles."
Read quote
3 likes
"I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain."
Read quote
3 likes
"When you build a bridge, you insist that it can carry 30,000 pounds, but you only drive 10,000-pound trucks across it. And that same principle works in investing."
Read quote
3 likes
"Let only individuals contribute - with sensible limits per election. Otherwise, we are well on our way to ensuring that a government of the moneyed, by the moneyed, and for the moneyed shall not perish from the earth."
Read quote
3 likes
"Investing is the greatest business in the world because you never have to swing. You stand at the plate; the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity. All day you wait for the pitch you like; then, when the fielders are asleep, you step up and hit it."
Read quote
3 likes
"One observer commenting on security analysts over forty stated: "They know too many things that are no longer true." As long as I am "on stage", publishing a regular record and assuming responsibility for management of what amounts to virtually 100% of the net worth of many partners, I will never be able to put sustained effort into any non-BPL activity. If I am going to participate publicly. I can't help being competitive. I know I don't want to be totally occupied with out-pacing an investment rabbit all my life. The only way to slow down is to stop."
Read quote
3 likes
"You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate."
Read quote
3 likes
"Fear is the foe of the faddist, but the friend of the fundamentalist."
Read quote
3 likes
"The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem-at a price, you will easily find an obliging counterparty."
Read quote
3 likes
"Generally, we have translated greater output in the few hours of work per week over the last century. And that's a good trend of the future. But we do have to have a system that, as output of goods and services keeps increasing per capita, that it takes care of the people who are willing to work and really are not getting by very well with a family on a 40-hour week."
Read quote
3 likes
"In economics, you always want to ask 'And then what?'"
Read quote
3 likes
"In the search [of a deal], we adopt the same attitude one might find appropriate in looking for a spouse: It pays to be active, interested, and open-minded, but it does not pay to be in a hurry."
Read quote
3 likes
"The much-maligned idle rich have received a bad rap: They have maintained their wealth while many There is scarcely an instance of a man who has made a fortune by speculation and kept it. Andrew Carnegie of the energetic rich, aggressive real estate operators, corporate acquirers, oil drillers, etc. have their fortunes disappear."
Read quote
3 likes
"If at first you do succeed, quit trying on investing."
Read quote
3 likes
"A single year's performance is of minor importance and, good or bad, should never be taken seriously."
Read quote
3 likes
"People who watch their weight, golf scores, and fuel bills seem to shun quantitative evaluation of their investment management skills although it involves the most important client in the world-themselves."
Read quote
3 likes