Warren Buffett Quotes

Trust me: I know a good investment when I see one.

The key, of course, is to stay away from the losing years.

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

We make a series of investments, some will pan out and some won't.

Investing is about making probabilistic decisions with limited information about an unknowable future. The variables are well known, as are the possible outcomes.

Start small; get to know the landscape. We take risks but not major risks. We always started with small capital - €4m in Holland, $10m in Russia - and as we get to know the landscape of a country, we think about other businesses.

The things that I've learned is, try to make all the mistakes with your own money and on a small level so that when you are responsible for a partner's money or assets, you've learned, and you don't make bigger mistakes.

Investing in a poker game and investing in stocks, at least the way I do it, it's a very similar skillset.

In some industries, we refer to risk taking as 'research and development.' At financial institutions, we often take risk by investing in securities.

One of the rules I've learned is that struggling to try and think your way into making an investment is usually the best way to not have a great outcome.

When you see a 'Shark fight' erupt, we aggressively want to understand what we are committing our money toward.

Everything I do in investment is just very different.

There is a close logical connection between the concept of a safety margin and the principle of diversification.

Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we're trying to do. It's imperfect, but that's what it's all about.

People will make worse financial decisions for them if they're choosing from a lot of options than if they're choosing from a few options. If they have more options they're more likely to avoid stocks and put all their money in money market accounts, which doesn't even grow at the rate of inflation.

You must never delude yourself into thinking that you're investing when you're speculating.

Never mingle your speculative and investment operations in the same account nor in any part of your thinking.

Capital is that part of wealth which is devoted to obtaining further wealth.

I called my business manager in California and said, 'Sell all of my stock' - what little of it I had - and it's the only smart financial move I ever made.

I have yet to take capital losses on any company. Then again, it's still early.

If your investing approach requires that you become Nostradamus to succeed, then you are destined to fail.

Investors have to ask themselves two questions. How much can we grow our investments? And, can we afford our mistakes?

I make money using my brains and lose money listening to my heart. But in the long run my books balance pretty well.

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

I have a million dollars in the stock market, because if I lose a million dollars, I don't personally care.