Warren Buffett quotes 2423

Warren Buffett quotes- Part 3

Warren Buffett’s quotes Part 3


“Cash combined with courage in a time of crisis is priceless.” – Warren Buffett


“Beware [of] the investment activity that produces applause; the great moves are usually greeted by yawns.” – Warren Buffett


“The secret to happiness is having low expectations.” – Warren Buffett


“The best investment you can make, is an investment in yourself… The more you learn, the more you’ll earn.” – Warren Buffett


“What the wise do in the beginning, fools do in the end.” – Warren Buffett


“Anyone who believes a growth rate in excess of 15% per annum over the long term is attainable should pursue a career in sales, but avoid one in mathematics.” – Warren Buffett


“Do not save what is left after spending, but spend what is left after saving.” – Warren Buffett


“People will always try to stop you from doing the right thing if it is unconventional.” – Warren Buffett


“All I have to do is think and not be influenced by others.” – Warren Buffett


“Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to “time” market movements, inadequate diversification, the payment of high and unnecessary fees to managers and advisors, and the use of borrowed money can destroy the decent returns that a life-long owner of equities would otherwise enjoy. Indeed, borrowed money has no place in the investor’s tool kit.” – Warren Buffett


“The dominant factors affecting control valuations are earning power (past and prospective) and asset values.” – Warren Buffett


bo-gia-warren-buffett


Warren Buffett’s quotes


“I wouldn’t want to manufacture cigarettes. But if I owned – we do own Costco. Do they sell them? Yes. So I don’t have a problem owning stock in that. But I just wouldn’t want to – I wouldn’t want to do it myself. I basically think, if anything is sufficiently antisocial, society should do something about it. But that’s a separate question. But – and I don’t think there’s any company that I have seen that’s 100 percent pure.” – Warren Buffett


“When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it’s the reputation of the business that remains intact.” – Warren Buffett


“The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.” – Warren Buffett


“Wide diversification is only required when investors do not understand what they are doing.” – Warren Buffett


“I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.” – Warren Buffett


“He must never forget Charlie’s plea: Tell me where I’m going to die, so I’ll never go there.” – Warren Buffett


“If you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or – whomever around their office.” – Warren Buffett


“In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business by tricks of accounting or capital structure. The man claiming to be a financial alchemist may become rich. But gullible investors rather than business achievements will usually be the source of his wealth.” – Warren Buffett


“I’ve learned mainly by reading myself. So I don’t think I have any original ideas. Certainly, I talk about reading Graham. I’ve read Phil Fisher. So I’ve gotten a lot of my ideas from reading. You can learn a lot from other people. In fact, I think if you learn basically from other people, you don’t have to get too many new ideas on your own. You can just apply the best of what you see.” – Warren Buffett


“Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.” – Warren Buffett


“As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.” – Warren Buffett


buffett-ahaforex


Warren Buffett’s quotes


“When investing, pessimism is your friend, euphoria the enemy.” – Warren Buffett


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


“If you want your business to survive for 100 years, you’ve got to make it through every single day for 100 years. It’s not enough to do it 99.9% of the time.” – Warren Buffett


“Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, that you’re still around to play the next day.” – Warren Buffett


“Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.” – Warren Buffett


“Asset-heavy businesses generally earn low rates of return – rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses” – Warren Buffett


“You can’t stand to see your neighbor getting rich. You know you’re smarter than he is and he’s doing these things and he’s getting rich.” – Warren Buffett


“A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don’t need to own very many of them.” – Warren Buffett


“When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.” – Warren Buffett


“An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities – at full prices they couldn’t buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.” – Warren Buffett


“The (stock) market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.” – Warren Buffett


“I can’t promise results, but I can promise a common destiny.” – Warren Buffett


“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.” – Warren Buffett


“The best education you can get is investing in yourself, and that doesn’t mean college or university.” – Warren Buffett


“It’s nice to have a lot of money, but you know, you don’t want to keep it around forever. I prefer buying things. Otherwise, it’s a little like saving sex for your old age.” – Warren Buffett


“Traditional wisdom is long on tradition and short on wisdom.” – Warren Buffett


ty-phu-warren-buffett


Warren Buffett’s quotes


“Banking is very good business if you don’t do anything dumb.” – Warren Buffett


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


“Games are won by players who focus on the playing field — not by those whose eyes are glued to the scoreboard.” – Warren Buffett


“I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.” – Warren Buffett


“Stop trying to predict the direction of the stock market, the economy or elections.” – Warren Buffett


“I checked the actuarial tables, and the lowest death rate is among six-year-olds. So I decided to eat like a six-year-old.” – Warren Buffett


“Investing in yourself is the best thing you can do. If you’ve got talents, no one can take them from you.” – Warren Buffett


“Writing checks to the IRS that include strings of zeros does not bother me … Overall, we feel extraordinarily lucky to have been dealt a hand in life that enables us to write large checks to the government rather than one requiring the government to regularly write checks to us-say, because we are disabled or unemployed.” – Warren Buffett


“You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason.” – Warren Buffett


“I have an 800 freephone number now that I call if I get the urge to buy an airline stock. I call at two in the morning and I say: “My name is Warren and I’m an aeroholic.” And then they talk me down.” – Warren Buffett


“You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map – way off the map.” – Warren Buffett


“Taking jobs to build up your resume is the same as saving up sex for old age.” – Warren Buffett


“You could be somewhere where the mail was delayed three weeks and do just fine investing.” – Warren Buffett


“Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.” – Warren Buffett


“An investor needs to do very few things right as long as he or she avoids big mistakes.” – Warren Buffett


“You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment you’re making, or whatever it may be. And if it can’t stand applying pencil to paper, you’d better think it through some more. And if you can’t write an intelligent answer to those questions, don’t do it.” – Warren Buffett


Warren Buffett quotes 1


“Emotional makeup is more important than technical skill” – Warren Buffett


“The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn’t going to do anything for you….it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time.” – Warren Buffett


“We look for things I can understand. A lot of businesses I don’t understand.” – Warren Buffett


“I’m just lucky to have been in the right place at the right time. Another place, another time, I wouldn’t have been as successful. Society enabled me to make my money and my money should go to society.” – Warren Buffett


“We try to exert a Ted Williams kind of discipline. In his book The Science of Hitting, Ted explains that he carved the strike zone into 77 cells, each the size of a baseball. Swinging only at balls in his “best” cell, he knew, would allow him to bat .400; reaching for balls in his “worst” spot, the low outside corner of the strike zone, would reduce him to .230. In other words, waiting for the fat pitch would mean a trip to the Hall of Fame; swinging indiscriminately would mean a ticket to the minors.” – Warren Buffett


“You really don’t need leverage in this world much. If you’re smart, you’re going to make a lot of money without borrowing. I’ve never borrowed a significant amount of money in my life. Never. Never will. I’ve got no interest in it.” – Warren Buffett


“Read 500 pages every day. That’s how knowledge works. It builds up like compound interest.” – Warren Buffett


“Does the business have favourable long term prospects?” – Warren Buffett


“In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don’t.” – Warren Buffett


“I spend twelve hours a week – a little over 10% of my waking hours – playing the game. Now I am trying to figure out how to get by on less sleep in order to fit in a few more hands.” – Warren Buffett


“Do not put all your eggs in one basket.” – Warren Buffett


“Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.” – Warren Buffett


“Can you know you can have institutions that put curbs on that in various ways, and actually what the banks, you know, they have various capital ratios and that sort of thing, but the banks got around them, I mean, they set up sieves and that sort of thing just to get more leverage. People love leverage when it’s working. I mean, it’s so easy to borrow money from a guy at X and put it out at X.” – Warren Buffett


“It is unquestionably true that the investment companies have their money more conventionally invested than we do. To many people conventionality is indistinguishable from conservatism. In my view, this represents erroneous thinking. Neither a conventional nor an unconventional approach, per se, is conservative.” – Warren Buffett


“It takes 150 years to build an investment bank and only five minutes to convince you to sell me preferred stock in it at a 10% interest rate.” – Warren Buffett


“Never get too hung up on mistakes.” – Warren Buffett


“We want to use cash. The reason we haven’t used our cash two years ago, we just didn’t find things that were that attractive. But when people talk about cash being king, it’s not king if it just sits there and never does anything. There are times when cash buys more than other times, and this is one of the other times when it buys a fair amount more, so we use it.” – Warren Buffett


“The typical large company has a compensation committee, They don’t look for Dobermans on that committee, they look for chihuahuas.” – Warren Buffett


“It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation.  Either way, she is ‘taxed’ in a manner that leaves her no real income whatsoever.  Any money she spends comes right out of capital.  She would find outrageous a 100 percent income tax but doesn’t seem to notice that 5 percent inflation is the economic equivalent.” – Warren Buffett


Warren Buffett quotes 2423


Warren Buffett’s quotes


“Paradoxically, when ‘dumb’ money acknowledges its limitations, it ceases to be dumb.” – Warren Buffett


“If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.” – Warren Buffett


“In other words, the percentage change in book value in any given year is likely to be reasonably close to that year’s change in intrinsic value.” – Warren Buffett


“Focus on your customers and lead your people as though their lives depend on your success.” – Warren Buffett


“Don’t invest in pieces of papers (stocks), invest in  great businesses underlying them” – Warren Buffett


They simply APPRECIATE the things they have.” – Warren Buffett


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


“The future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.” – Warren Buffett


“If you’re in a card game and you can’t figure out who the patsy is, you’re it.” – Warren Buffett


“The three most important words in investing…Margin of Safety.” – Warren Buffett

Leave a Reply

Your email address will not be published. Required fields are marked *