Warren Edward Buffett Quotes

[The] stock market serves as a relocation center at which money is moved from the active to the patient.

Warren Edward Buffett

Time is the enemy of the poor business and the friend of the great business. If you have a business that\'s earning 20%-25% on equity, time is your friend. But time is your enemy if your money is in a low return business.

Warren Edward Buffett

A girl in a convertible is worth five in the phonebook.

Warren Edward Buffett

Some material things make my life more enjoyable; many, however, would not. I like having an expensive private plane, but owning a half-dozen homes would be a burden. Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends. My wealth has come from a combination of living in America, some lucky genes, and compound interest. Both my children and I won what I call the ovarian lottery. (For starters, the odds against my 1930 birth taking place in the U.S. were at least 30 to 1. My being male and white also removed huge obstacles that a majority of Americans then faced.) My luck was accentuated by my living in a market system that sometimes produces distorted results, though overall it serves our country well. Ive worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions. In short, fates distribution of long straws is wildly capricious. The reaction of my family and me to our extraordinary good fortune is not guilt, but rather gratitude. Were we to use more than 1% of my claim checks on ourselves, neither our happiness nor our well-being would be enhanced. In contrast, that remaining 99% can have a huge effect on the health and welfare of others. That reality sets an obvious course for me and my family: Keep all we can conceivably need and distribute the rest to society, for its needs. My pledge starts us down that course.

Warren Edward Buffett

You only find out who is swimming naked when the tide goes out.

Warren Edward Buffett

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

Warren Edward Buffett

We never want to count on the kindness of strangers in order to meet tomorrows obligations. When forced to choose, I will not trade even a nights sleep for the chance of extra profits.

Warren Edward Buffett

Time is the enemy of the poor business and the friend of the great business. If you have a business that's earning 20%-25% on equity, time is your friend. But time is your enemy if your money is in a low return business.

Warren Edward Buffett

We're more comfortable in that kind of business. It means we miss a lot of very big winners. But we wouldn't know how to pick them out anyway. It also means we have very few big losers - and that's quite helpful over time. We're perfectly willing to trade away a big payoff for a certain payoff.

Warren Edward Buffett

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.

Warren Edward Buffett

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.

Warren Edward Buffett

Price is what you pay. Value is what you get (Ben Graham).

Warren Edward Buffett

If you have a great manager, you want to pay him very well.

Warren Edward Buffett

Putting people into homes, though a desirable goal, shouldnt be our countrys primary objective. Keeping them in their homes should be the ambition.

Warren Edward Buffett

Whether were talking about socks or stocks, I like buying quality merchandise when it is marked down.

Warren Edward Buffett

Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful.

Warren Edward Buffett
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