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Warren Buffett Quotes

Total quotes: 24
“Honesty is a very expensive gift, Don’t expect it from cheap people.”
— Warren Buffett, How Billionaires Live: How Successful People Think and Behave
Tagged: Honesty, Gift
“The whole idea of a risk factor doesn’t make any sense to me. Risk comes from not knowing you’re doing.”
— Warren Buffett, The Warren Buffett Way: Investment Strategies of the World's Greatest Investor
Tagged: Business, Risk, My Philosophy
“You never know who's swimming naked until the tide goes out.”
— Warren Buffett, Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2013
Tagged: Long-Term Capital, Comparing Yourself To Others, The Emporer Has No Clothes, What Happens After The Bull Market
“A strong market is like a high tide: Everyone can make money, but it’s only when the tide goes out that you discover who's been swimming naked.”
— Warren Buffett, Story-Based Selling
Tagged: Economics, Capitalism, markets
“I read everything: annual reports, 10K's, 10Q's, biographies, histories, five newspapers a day. On airplanes, I read the instructions on the backs of the seats. Reading is key. Reading has made me rich over time.”
— Charles T. Munger, Warren Buffett, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger, Expanded Third Edition
Tagged: Unbiased Points of View, Wealth, Becoming Rich, Perspective
“Leaving the question of price aside, the best business to own is one that over an extended period can employ large amounts of incremental capital at very high rates of return.”
— Warren Buffett, The Essays of Warren Buffett: Lessons for Corporate America, Third Edition
Tagged: Investment, Good Businesses
“That's the ultimate test of how you have lived your life. The trouble with love is that you can't buy it….The only way to get love is to be lovable….The more you give love away, the more you get.”
— Warren Buffett, The way billionaire Warren Buffett defines success has nothing to do with money
Tagged: Love, Success, Money, Wisdom
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.”
— Warren Buffett, Leadership
Tagged: Reputation, Bad Reputation, Wisdom
“Someone's sitting in the shade today because someone planted a tree a long time ago.”
— Warren Buffett, It's Your Money, Honey
Tagged: Planning, Wisdom, Future
“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
— Warren Buffett
Tagged: Fear, Greed, Investing
“In fact, when we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.”
— Warren Buffett
Tagged: Investing, Business
“I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.”
— Warren Buffett, Unleash the Billionaire Within
Tagged: Planning, Investment, Risk Management
“There's no doubt in my mind, however, that the S&P 500 will do better than the great majority of professional managers achieve for their clients after fees.”
— Warren Buffett, Warren Buffett decides not to do second wager against hedge funds, citing his age
Tagged: hedge funds, Investing, S&P 500
“I think it's enjoyable to think about business or investment problems. They're easy. It's the human problems that are the tough ones. There's almost always a good answer with the money.”
— Warren Buffett, Warren Buffett- HBO Documentary 2017
Tagged: Wall Street, Finance, hedge funds, Investing
“He believed very much in having an inner scorecard and never worrying about what people thought about you.”
— Warren Buffett, Warren Buffett- HBO Documentary 2017
Tagged: Wall Street, Finance, hedge funds, Investing
“The chains of habit are too light to be felt until they're too heavy to be broken.”
— Warren Buffett, Warren Buffett- HBO Documentary 2017
Tagged: Wall Street, Finance, hedge funds, Investing
“The worst mistakes include not understanding other people as much as you might.”
— Warren Buffett, Warren Buffett- HBO Documentary 2017
Tagged: Wall Street, Finance, hedge funds, Investing
“I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one.”
— Warren Buffett
Tagged: Email, Microsoft, minneapolis, Lawsuits, Luddites, Technophobia
“I wanted to put on the walls, days of extreme panic in Wall Street. Just as a reminder that anything can happen in this world. Its instructive art.”
— Warren Buffett, Warren Buffett- HBO Documentary 2017
Tagged: Wall Street, Finance, hedge funds, Investing
“The best thing I did was to choose the right heroes.”
— Warren Buffett, Buffett
Tagged: Heroes
“Predicting rain doesn't count. Building arks does.”
— Warren Buffett, Warren Buffett on Wobbly Market: ‘Predicting Rain Doesn’t Count. Building Arks Does’
Tagged: Future, Planning, Forecasts, Predictions
“Rule #1: Never lose money
Rule #2: Never forget Rule #1”
— Warren Buffett, Warren Buffett- HBO Documentary 2017
Tagged: Wall Street, Finance, hedge funds, Investing
“The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard. I always pose it this way. I say, ‘Lookit. Would you rather be the world’s greatest lover, but have everyone think you’re the world’s worst lover? Or would you rather be the world’s worst lover but have everyone think you’re the world’s greatest lover?’ Now, that’s an interesting question.”
— Warren Buffett, The Snowball
Tagged: Scorecards, Lovers, Self-Image, Public Image
“An economic franchise arises from a product or service that: (1) is needed or desired; (2) is thought by its customers to have no close substitute and; (3) is not subject to price regulation. The existence of all three conditions will be demonstrated by a company's ability to regularly price its product or service aggressively and thereby to earn high rates of return on capital. Moreover, franchises can tolerate mis-management. Inept managers may diminish a franchise's profitability, but they cannot inflict mortal damage.

In contrast, "a business" earns exceptional profits only if it is the low-cost operator or if supply of its product or service is tight. Tightness in supply usually does not last long. With superior management, a company may maintain its status as a low-cost operator for a much longer time, but even then unceasingly faces the possibility of competitive attack. And a business, unlike a franchise, can be killed by poor management.”
— Warren Buffett, Chairman's Letter To The Shareholders of Berkshire Hathaway, 1991
Tagged: Business Experts, Monopoly, Warren Buffett, The Present Of Media, Warren Buffett On Media Companies
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