Warren Buffet's Famous Quotes

8/8/2019 Warren Buffet's Famous Quotes

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WARREN BUFFET’S FAMOUS QUOTES

A public-opinion poll is no substitute for thought.

Chains of habit are too light to be felt until they are too heavy to be broken.

I always knew I was going to be r ich. I don't think I ever doubted it for a minute.

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.

I buy expensive suits. They just look cheap on me.

I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

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.

If a business does well, the stock eventually follows.

If past history was all there was to the game, the richest people would be librarians.

In the business world, the rearview mirror is always clearer than the windshield.

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

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.

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

Let blockheads read what blockheads wrote.

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

Only when the tide goes out do you discover who's been swimming naked.

Our favorite holding period is forever.

Our favourite holding period is forever.

Price is what you pay. Value is what you get.

Risk comes from not knowing what you're doing.

Risk is a part of God's game, alike for men and nations.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.

The first rule is not to lose. The second rule is not to forget the first rule.

The investor of today does not profit from yesterday's growth.

The only time to buy these is on a day with no "y" in it.

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.

There seems to be some perverse human characteristic that likes to make easy things difficult.

Time is the friend of the wonderful company, the enemy of the mediocre.

Value is what you get.





Buy companies with strong histories of profitability and with a dominant business franchise.

It is optimism that is the enemy of the rational buyer.

As far as you are concerned, the stock market does not exist. Ignore it.

The ability to say "no" is a tremendous advantage for an investor.

Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.

Lethargy, bordering on sloth should remain the cornerstone of an investment style.

An investor should act as though he had a lifetime decision card with just twenty punches on it.

Wild swings in share prices have more to do with the "lemming- like" behaviour of institutional investors than with the aggregate returns of the company they own.

As a group, lemmings have a rotten image, but no individual lemming has ever received bad press.

An investor needs to do very few things right as long as he or she avoids big mistakes.

"Turn-arounds" seldom turn.

Is management rational?

Is management candid with the shareholders?

Does management resist the institutional imperative?

Do not take yearly results too seriously. Instead, focus on four or five-year averages.

Focus on return on equity, not earnings per share.

Calculate "owner earnings" to get a true reflection of value.

Look for companies with high profit margins.

Growth and value investing are joined at the hip.

The advice "you never go broke taking a profit" is foolish. It is more important to say "no" to an opportunity, than to say "yes".

Always invest for the long term.

Does the business have favourable long term prospects? It is not necessary to do extraordinary things to get extraordinary results.

Remember that the stock market is manic-depressive. Buy a business, don't rent stocks.

Does the business have a consistent operating history? 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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Warren Buffet's Famous Quotes