Warren Buffett Quotes

I love reading Warren Buffett's letters, and I love contrasting his words with his actions. He's a very wise guy.

The person who I admire most in business is Warren Buffett. He is a long-term investor and has brilliant ideas, and he sticks to them.

Over the time that I followed Warren Buffett, one CFO told me, it's very important to pay attention not only to what Warren Buffett says and what he actually does - often there are subtle differences between the two.

We like to say we pray in the church of Graham, Dodd, Buffett, and Munger.

Know what you own, and know why you own it.

Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety.

All intelligent investing is value investing - acquiring more that you are paying for. You must value the business in order to value the stock.

Too many people say to their brokers, I can't deal with this. Take my money. Do what you want. That's the worst attitude you can have.

Money is my military, each dollar a soldier. I never send my money into battle unprepared and undefended. I send it to conquer and take currency prisoner and bring it back to me.

I don't have any blindness when it comes to my money. As an actor, you can get distracted by your work. I do keep an eye on my nest egg, if you will.

One has to divide Warren Buffet into different periods. There is a continuously evolving style of Warren Buffett.

It is incumbent upon each of us to improve spending and savings practices to ensure our own individual financial security and preserve the collective economic well-being of our great society.

People always ask me for my secret. There isn't one. You've just got to keep a level head and stay away from greed, which is the worst thing that can happen to a successful person.

I'm an athlete and I'm black, and a lot of black athletes go broke. I do not want to become a statistic, so maybe I overcompensate. But I'm paranoid. Oprah told me a long time ago, 'You sign every check. Never let anyone sign any checks.'

The only way one should buy stocks is if you understand the underlying business. You stay within the circle of competence. You buy businesses you understand.

The single biggest advantage a value investor has is not IQ. It's patience and waiting. Waiting for the right pitch, and waiting for many years for the right pitch.

Investing should be dull. It shouldn't be exciting.

Far too many of my peers were taken in by the jet-setting rock star lifestyle and didn't realise the money might not last forever - but I have always had an eye on the future and invest in a syndicate to share risk.

Much like Warren Buffett has said very famously - he doesn't buy technology stocks because he doesn't understand them- I will not buy consumer goods companies because I do not understand them.

The consequences of overestimating a company and your ability to analyse it are greatly diminished when you're paying a lot less for it than your analysis shows it is worth.

Shortly after I met my mentor he asked me, ‘Mr. Rohn, how much money have you saved and invested over the last six years?’ And I said, ‘None.’ He then asked, ‘Who sold you on that plan?’

We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing.

I've made money over the years by buying into good companies, run by good people, at attractive prices. And I don't try and make it out of buying into the market at one point and selling at another point.

There is something in people; you might even call it a little bit of a gambling instinct… I tell people investing should be dull. It shouldn't be exciting. Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.

A young financial writer once brought ridicule upon himself by stating that a certain company had nothing to commend it except excellent earnings. Well, there are companies whose earnings are excellent but whose stocks I would never recommend. In selecting investments, I attach prime importance to the men behind them. I'd rather buy brains and character than earnings. Earnings can be good one year and poor the next. But if you put your money into securities run by men combining conspicuous brains and unimpeachable character, the likelihood is that the financial results will prove satisfactory.