Warren Buffett Quotes

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

You have to keep your priorities straight if you plan to do well in stocks.

Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. The main difference is that the hypothesis that underlies an investment decision is intended to make money and not to establish a universally valid generalization.

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

I like to invest in companies where I can really add value from my experience, network, etc., so checking out my portfolio of other investments, and my background, will generally give some guidance there.

It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.

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

Well, there's always risk in long-term investment.

Investing is about intellectual honesty. You want to know what you know. You want to know, mostly, what you don't know.

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

You just have to approach every day and say, 'If you were starting fresh today, what would my portfolio look like?' So that's how we think about it.

Diversification is an established tenet of conservative investment.

An important key to investing is to remember that stocks are not lottery tickets.

Diversification is your buddy.

Even defensive portfolios should be changed from time to time, especially if the securities purchased have an apparently excessive advance and can be replaced by issues much more reasonable priced.

Diversification is protection against ignorance. It makes little sense if you know what you are doing.

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

Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.

Investment decisions and personal decisions don't wait for the picture to be clarified.

There is no staff. I make all the investment decisions and I do all my own analysis.

In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.

Warren spends 70 hours a week thinking about investing .

Doing ventures is great - I'm talking economics now - if you've got a rising market. It's wonderful. If I hadn't got HKT, I would have been just as happy. Because there's a price for everything. And to overpay for something is awful.

I know where I'm putting my money.

I've been in real estate for my whole life, I've been trying to sharpshoot the market with my investments, I'm never right. All you need to do is get near the bottom. That's good enough.