Warren Buffett Quotes

“Accounting numbers are the beginning, not the end, of business valuation.”

“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”

“If you want to soar like an eagle in life, you can't be flocking with the turkeys.”

“When leverage works, it magnifies your gains. Your wife thinks you're clever, and your neighbors get envious. But leverage is addictive.”

“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.”

“Turnarounds seldom turn.”

“I am a better investor because I am a businessman, and a better businessman because I am an investor.”

“I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”

“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.”

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

“You can't make a good deal with a bad person.”

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

“Accounting numbers are the beginning, not the end, of business valuation.”

“In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. But if they don't have the first, the other two will kill you.”

“Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.”

“You know, you keep doing the same things and you keep getting the same result over and over again.”

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

“The best thing you can do is to be the right person. If you're the right person, the right things will happen.”

“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.”

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

“Risk comes from not knowing what you're doing.”

“Know your circle of competence and stay within it. The size of that circle is not very important; knowing its boundaries, however, is vital.”

“You don't have to be an expert on everything, but you have to know what you don't know.”

“The mathematics of compound interest are so powerful that they have been called the eighth wonder of the world.”

“My wealth has come from a combination of living in America, some lucky genes, and compound interest.”

“Someone's sitting in the shade today because someone planted a tree a long time ago.”

“Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest.”

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

“Be greedy when others are fearful, and fearful when others are greedy.”

“The most common cause of low prices is pessimism—sometimes pervasive, sometimes 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.”

“You pay a very high price in the stock market for a cheery consensus.”

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

“A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.”

“When leverage works, it magnifies your gains. Your wife thinks you're clever, and your neighbors get envious. But leverage is addictive.”

“I insist on a lot of time being spent, almost every day, to just sit and think.”

“You only have to do a very few things right in your life so long as you don't do too many things wrong.”

“The most important thing to do if you find yourself in a hole is to stop digging.”

“Derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.”

“You don't have to swing at everything. You can wait for the perfect pitch.”

“We would rather avoid risk than collect a premium for taking it.”

“Never depend on a single venture for your financial security.”

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

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

“The rich escaped, and the poor got stuck. That's the way it works.”

“Be greedy when others are fearful, and fearful when others are greedy.”

“Derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.”

“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”

“I have no idea what the stock market is going to do next month or six months from now. I do know that over a long period of time it will do fine.”

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

“Someone's sitting in the shade today because someone planted a tree a long time ago.”

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

“In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. But if they don't have the first, the other two will kill you.”

“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.”

“My wealth has come from a combination of living in America, some lucky genes, and compound interest.”

“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”

“I have no idea what the stock market is going to do next month or six months from now. I do know that over a long period of time it will do fine.”

“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”

“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.”

“We would rather avoid risk than collect a premium for taking it.”

“You can't make a good deal with a bad person.”

“In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. But if they don't have the first, the other two will kill you.”

“Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.”

“Honesty is a very expensive gift. Don't expect it from cheap people.”

“The best thing you can do is to be the right person. If you're the right person, the right things will happen.”

“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.”

“Never depend on a single venture for your financial security.”

“Be greedy when others are fearful, and fearful when others are greedy.”

“You don't need to know a man's exact weight to know he's fat. You don't need to know a stock's exact value to know it's cheap.”

“In the short run, the market is a voting machine but in the long run it is a weighing machine.”

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

“I don't look to jump over seven-foot bars; I look around for one-foot bars that I can step over.”

“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.”

“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.”

“The mathematics of compound interest are so powerful that they have been called the eighth wonder of the world.”

“The most common cause of low prices is pessimism—sometimes pervasive, sometimes 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.”

“You pay a very high price in the stock market for a cheery consensus.”

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

“You don't have to swing at everything. You can wait for the perfect pitch.”

“Risk comes from not knowing what you're doing.”

“We would rather avoid risk than collect a premium for taking it.”

“Turnarounds seldom turn.”

“Know your circle of competence and stay within it. The size of that circle is not very important; knowing its boundaries, however, is vital.”

“I am a better investor because I am a businessman, and a better businessman because I am an investor.”

“A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.”

“Accounting numbers are the beginning, not the end, of business valuation.”

“If you aren't thinking about owning a stock for ten years, don't even think about owning it for ten minutes.”

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

“Risk comes from not knowing what you're doing.”

“Know your circle of competence and stay within it. The size of that circle is not very important; knowing its boundaries, however, is vital.”

“Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest.”

“You don't have to be an expert on everything, but you have to know what you don't know.”

“I insist on a lot of time being spent, almost every day, to just sit and think.”

“The best investment you can make is in yourself.”

“You know, you keep doing the same things and you keep getting the same result over and over again.”

“When leverage works, it magnifies your gains. Your wife thinks you're clever, and your neighbors get envious. But leverage is addictive.”

“My wealth has come from a combination of living in America, some lucky genes, and compound interest.”

“Someone's sitting in the shade today because someone planted a tree a long time ago.”

“You don't have to be an expert on everything, but you have to know what you don't know.”

“You can't make a good deal with a bad person.”

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

“Honesty is a very expensive gift. Don't expect it from cheap people.”

“The best thing you can do is to be the right person. If you're the right person, the right things will happen.”

“You only have to do a very few things right in your life so long as you don't do too many things wrong.”

“If you want to soar like an eagle in life, you can't be flocking with the turkeys.”

“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.”

“The most important thing to do if you find yourself in a hole is to stop digging.”

“The best investment you can make is in yourself.”

“The rich escaped, and the poor got stuck. That's the way it works.”

“You know, you keep doing the same things and you keep getting the same result over and over again.”

“In the short run, the market is a voting machine but in the long run it is a weighing machine.”

“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.”

“The mathematics of compound interest are so powerful that they have been called the eighth wonder of the world.”

“Someone's sitting in the shade today because someone planted a tree a long time ago.”

“I have no idea what the stock market is going to do next month or six months from now. I do know that over a long period of time it will do fine.”

“If you aren't thinking about owning a stock for ten years, don't even think about owning it for ten minutes.”

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

“I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”

“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.”

“In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. But if they don't have the first, the other two will kill you.”

“Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.”

“You don't need to know a man's exact weight to know he's fat. You don't need to know a stock's exact value to know it's cheap.”

“Be greedy when others are fearful, and fearful when others are greedy.”

“In the short run, the market is a voting machine but in the long run it is a weighing machine.”

“The most common cause of low prices is pessimism—sometimes pervasive, sometimes 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.”

“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”

“You pay a very high price in the stock market for a cheery consensus.”

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

“I have no idea what the stock market is going to do next month or six months from now. I do know that over a long period of time it will do fine.”

“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”

“The mathematics of compound interest are so powerful that they have been called the eighth wonder of the world.”

“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.”

“I am a better investor because I am a businessman, and a better businessman because I am an investor.”

“If you aren't thinking about owning a stock for ten years, don't even think about owning it for ten minutes.”

“The most important thing to do if you find yourself in a hole is to stop digging.”

“I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”

“You can't make a good deal with a bad person.”

“The most common cause of low prices is pessimism—sometimes pervasive, sometimes 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.”

“You don't have to swing at everything. You can wait for the perfect pitch.”

“A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.”

“You don't have to swing at everything. You can wait for the perfect pitch.”

“If you aren't thinking about owning a stock for ten years, don't even think about owning it for ten minutes.”

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

“I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”

“Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest.”

“Honesty is a very expensive gift. Don't expect it from cheap people.”

“If you want to soar like an eagle in life, you can't be flocking with the turkeys.”

“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.”

“Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.”

“Never depend on a single venture for your financial security.”

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

“Risk comes from not knowing what you're doing.”

“We would rather avoid risk than collect a premium for taking it.”

“When leverage works, it magnifies your gains. Your wife thinks you're clever, and your neighbors get envious. But leverage is addictive.”

“Derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.”

“Turnarounds seldom turn.”

“The best investment you can make is in yourself.”

“I don't look to jump over seven-foot bars; I look around for one-foot bars that I can step over.”

“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.”

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

“You only have to do a very few things right in your life so long as you don't do too many things wrong.”

“The rich escaped, and the poor got stuck. That's the way it works.”

“My wealth has come from a combination of living in America, some lucky genes, and compound interest.”

“Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest.”

“The best thing you can do is to be the right person. If you're the right person, the right things will happen.”

“If you want to soar like an eagle in life, you can't be flocking with the turkeys.”

“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.”

“The best investment you can make is in yourself.”

“The rich escaped, and the poor got stuck. That's the way it works.”

“I insist on a lot of time being spent, almost every day, to just sit and think.”

“Turnarounds seldom turn.”

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

“You pay a very high price in the stock market for a cheery consensus.”

“Accounting numbers are the beginning, not the end, of business valuation.”

“You don't need to know a man's exact weight to know he's fat. You don't need to know a stock's exact value to know it's cheap.”

“In the short run, the market is a voting machine but in the long run it is a weighing machine.”

“I don't look to jump over seven-foot bars; I look around for one-foot bars that I can step over.”

“A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.”

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

“Derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.”

“I don't look to jump over seven-foot bars; I look around for one-foot bars that I can step over.”

“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”

“Know your circle of competence and stay within it. The size of that circle is not very important; knowing its boundaries, however, is vital.”

“You don't have to be an expert on everything, but you have to know what you don't know.”

“I am a better investor because I am a businessman, and a better businessman because I am an investor.”

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

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

“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”