Warren Buffett Quotes

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

Nobody ever lost money taking a profit.

Should you protect profits? Yes. But run for the hills? No.

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

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

Be risky at work. Be safe with your investments.

If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, the more vulnerable the business is, assuming you still want to invest in it, the larger margin of safety you'd need. If you're driving a truck across a bridge that says it holds 10,000 pounds and you've got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay, but if it's over the Grand Canyon, you may feel you want a little larger margin of safety.

Even with a margin of safety in the investor's favor, an individual security may work out badly. For the margin guarantees only that he has a better chance for profit than for loss - not that loss is impossible. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses.

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.

We're getting hurt, but I'm a long-term investor.

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

I don't want to be on anyone's board. I just want to have good investments.

You'd be safe to hold 5% of your assets and savings in gold and silver. Insurance for the future.

You'd rather own gold; never own the miner.

When it comes to investing, there is no such thing as a one-size-fits-all portfolio.

The key to making money is to stay invested.

In college, I was told the market can't be beat.

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

It doesn't help to follow every rise and fall of your portfolio. It's better to tune out the day-to-day shifts, in fact. But getting a handle on the larger picture will make you feel more secure, and that goes a long way in calming your fear.

What I invest in, while not risky for me, may be too risky for most people.

Because in the New Normal you are more worried about the return of your capital, not return on your capital.

I invested. I wanted to cushion the future. I'm a financial success!