QUOTES by Warren Buffet
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Success in investing doesn't correlate with IQ ... what you need is the temperament to control the urges that get other people into trouble in investing.
Quote by -Warren Buffet
Charlie and I view the marketable common stocks that Berkshire owns as interests in businesses, not as ticker symbols to be bought or sold based on their "chart" patterns, the "target" prices of analysts, or the opinions of media pundits.
Quote by -Warren Buffet
The one thing I will tell you is the worst investment you can have is cash. Everybody is talking about cash being king and all that sort of thing. Cash is going to become worth less over time. But good businesses are going to become worth more over time."
Quote by -Warren Buffet
"Cash ... is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent"
Quote by -Warren Buffet
"We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits."
Quote by -Warren Buffet
Too-big-to-fail is not a fallback position at Berkshire. Instead, we will always arrange our affairs so that any requirements for cash we may conceivably have will be dwarfed by our own liquidity."
Quote by -Warren Buffet
"If returns are going to be 7 or 8 percent and you're paying 1 percent for fees, that makes an enormous difference in how much money you're going to have in retirement."
Quote by -Warren Buffet
"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway."
Quote by -Warren Buffet
"When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients."
Quote by -Warren Buffet
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ."
Quote by -Warren Buffet
"The stock market is a no-called-strike game. You don't have to swing at everything -- you can wait for your pitch."
Quote by -Warren Buffet
"The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd."
Quote by -Warren Buffet
"Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless."
Quote by -Warren Buffet
"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently."
Quote by -Warren Buffet
"Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be a more productive than energy devoted to patching leaks."
Quote by -Warren Buffet
"The most important thing to do if you find yourself in a hole is to stop digging."
Quote by -Warren Buffet
"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years."
Quote by -Warren Buffet
"Do not take yearly results too seriously. Instead, focus on four or five-year averages."
Quote by -Warren Buffet
"All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies."
Quote by -Warren Buffet
"Buy a stock the way you would buy a house. Understand and like it such that you'd be content to own it in the absence of any market."
Quote by -Warren Buffet
"Since I know of no way to reliably predict market movements, I recommend that you purchase Berkshire shares only if you expect to hold them for at least five years. Those who seek short-term profits should look elsewhere."
Quote by -Warren Buffet
"An investor should act as though he had a lifetime decision card with just twenty punches on it."
Quote by -Warren Buffet
"When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever."
Quote by -Warren Buffet
"If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes."
Quote by -Warren Buffet
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Quote by -Warren Buffet
"The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table."
Quote by -Warren Buffet
"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down."
Quote by -Warren Buffet
"Widespread fear is your friend as an investor because it serves up bargain purchases."
Quote by -Warren Buffet
Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble."
Quote by -Warren Buffet
"The difference between successful people and really successful people is that really successful people say no to almost everything."
Quote by -Warren Buffet
"It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction."
Quote by -Warren Buffet
"I won't say if my candidate doesn't win, and probably half the time they haven't, I'm going to take my ball and go home"
Quote by -Warren Buffet
"I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
Quote by -Warren Buffet
The first rule is not to lose. The second rule is not to forget the first rule.
Quote by -Warren Buffet
In the business world, the rearview mirror is always clearer than the windshield.
Quote by -Warren Buffet
The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves - and the better the teacher, the better the student body.
Quote by -Warren Buffet
I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
Quote by -Warren Buffet
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
Quote by -Warren Buffet
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
Quote by -Warren Buffet
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
Quote by -Warren Buffet
Your premium brand had better be delivering something special, or it's not going to get the business.
Quote by -Warren Buffet