"It's us fun being a horse when the tractor comes along, or the blacksmith when the car comes along."
Read quote
26 likes
Quote collection
Warren Buffett quotes (page 9 of 48)
959 quotes — follow a thought to its full quote page.
"The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors. We disagree. We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it."
Read quote
26 likes
"Trust is like the air we breathe--when it's present, nobody really notices; when it's absent, everybody notices."
Read quote
26 likes
"The most important quality for an investor is temperament, not intellect."
Read quote
26 likes
"It's much easier to stay out of trouble now than to get out of trouble later."
Read quote
25 likes
"To be successful, you should concentrate on the world of companies, not arcane accounting mathematics."
Read quote
25 likes
"Look for companies with high profit margins."
Read quote
25 likes
"Good big decisions do not take time at all, if they do you are in trouble."
Read quote
25 likes
"If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game."
Read quote
25 likes
"If a business does well, the stock eventually follows."
Read quote
25 likes
"I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life."
Read quote
25 likes
"Failing conventionally is the route to go; as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press"
Read quote
25 likes
"The value of a business is the cash it's going to produce in the future."
Read quote
24 likes
"Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper for your friends and family to see."
Read quote
24 likes
"The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer."
Read quote
24 likes
"Activity is the enemy of investment returns."
Read quote
24 likes
"The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient."
Read quote
24 likes
"A CEO's behavior has a huge impact on managers down the line."
Read quote
24 likes
"You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason."
Read quote
24 likes
"A very rich person should leave his kids enough to do anything, but not enough to do nothing."
Read quote
24 likes