Warren Buffett Quotes

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.

One of many strengths that I often see in successful women on Wall Street is a responsible balance between risk taking and risk mitigation - the ability to assess situations smartly and make the right medium-to-long-term decisions without being lured into reckless, short-term profit-taking.

The stock market and the gridiron and the battlefield aren't as tidy as the chessboard, but in all of them, a single, simple rule holds true: make good decisions and you'll succeed; make bad ones and you'll fail.

You take an educated gamble. If you don't occasionally make a mistake, you're not doing your job.

I was always fascinated by the decision-making process and the managerial process and just business in general.

All of us would be better investors if we just made fewer decisions.

When better business decisions are made, economists won't make them.

When I first got into business, I made a lot of bad decisions.

Between calculated risk and reckless decision-making lies the dividing line between profit and loss.

It's one of the most important things at the end of the day, being able to say no to an investment.

I think there's a difference between a gamble and a calculated risk.

The fundamental work of investment management is filtering. The question is what do you filter.

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

We are led by lawyers who do not understand either technology or balance sheets.

This is a business. Be smart. Choose wisely.

Prudence is what makes someone a great commodities trader - the capacity to face reality squarely in the eye without allowing emotion or ego to get in the way. It's what is needed by every quarterback or battlefield general.

The key to making money in angel investing is saying no. You meet with 100 companies and say no to 99 of them.

So, what genetic disposition do you need to be a CFO? Essentially, you need to be miserable, you need to be the sort of person who takes drinks away from people at the end of a party.

And finally, no matter how good the science gets, there are problems that inevitably depend on judgement, on art, on a feel for financial markets.

I've been called Mr. Patient Money because I have the patience to work through challenging circumstances.

Every good businessman or woman carefully analyzes all the available facts before making a decision.

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 disciplined approach to pursuing and selecting the most attractive investment opportunities continues to distinguish ExxonMobil. We are long-term driven, and we're patient. And we're not opportunity-constrained.

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.

I think that survivorship bias, the survivorship bias is something I'm very acutely familiar with because of investing.