Warren Buffett Quotes - Page 12

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• Things you like to do should be a hobby of yours, but things the world does should be a business of yours.

  Warren Buffett

  Hobbies, Doe, World

  28 Copy quote

• Tell me your heroes and I'll tell you how your life will end up

  Warren Buffett

  Sports, Hero, Ends

  40 Copy quote

• Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.

  Warren Buffett

  Looks, Esoteric, Geek

  10 Copy quote

• Do not put all your eggs in one basket.

  Warren Buffett

  Easter, Eggs, Investment Success

  Lawrence A. Cunningham, Warren E. Buffett (2013). “The Essays of Warren Buffett: Lessons for Corporate America (Third Edition)”, p.13, Carolina Academic Press

  53 Copy quote

• I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned you should be. We never look at projections, but we care very much about, and look very deeply at, track records. If a company has a lousy track record, but a very bright future, we will miss the opportunity.

  Warren Buffett

  Opportunity, Track, Missing

  22 Copy quote

• When they get their ego involved, people do things they shouldn't do.

  Warren Buffett

  People, Ego, Investing

  4 Copy quote

• Do what you would do for free, having passion for what you do is the most important thing.

  Warren Buffett

  Passion, Important, Passion For What You Do

  22 Copy quote

• The thing to do is to keep your mind when the world around you is losing theirs.

  Warren Buffett

  Mind, Relax, World

  16 Copy quote

• Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.

  Warren Buffett

  Business, Two, Doubt

  4 Copy quote

• To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. You must supply the emotional discipline.

  Warren Buffett

  Emotional, Discipline, Decision

  "3 Books That Changed Warren Buffett's Life" by Patrick Morris, www.fool.com. December 25, 2013.

  18 Copy quote

• Most business mistakes are irreversible setbacks, but you get another chance. There are two things in life that you don't get another chance at - marrying the wrong person and what you do with your children.

  Warren Buffett

  Children, Mistake, Things In Life

  4 Copy quote

• There is seldom just one cockroach in the kitchen. You know, you turn on the light and, all of sudden, they all start scurrying around.

  Warren Buffett

  Light, Kitchen, Cockroaches

  Source: hurricanecapital.wordpress.com

  15 Copy quote

• Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.

  Warren Buffett

  Life, Long, Generosity

  "My Philanthropic Pledge" at the The Giving Pledge, 2010.

  8 Copy quote

• None of this means, however, that a business or stock is an intelligent purchase simply because it is unpopular; a contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling. Unfortunately, Bertrand Russell's observation about life in general applies with unusual force in the financial world: "Most men would rather die than think. Many do."

  Warren Buffett

  Business, Mean, Men

  Letter To the Shareholders of Berkshire Hathaway Inc., www.berkshirehathaway.com. 1990.

  7 Copy quote

• Investing requires qualities of temperament way more than it requires qualities of intellect.

  Warren Buffett

  Quality, Investing, Way

  10 Copy quote

• I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.

  Warren Buffett

  Crazy, Thinking, Would Be

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.

  4 Copy quote

• We enjoy the process far more than the proceeds.

  Warren Buffett

  Business, War, Investing

  Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.153, John Wiley & Sons

  9 Copy quote

• But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.

  Warren Buffett

  Home, Government, Media

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.

  28 Copy quote

• With a wonderful business, you can figure out what will happen; you can't figure out when it will happen. You don't want to focus on when, you want to focus on what. If you're right about what, you don't have to worry about when

  Warren Buffett

  Worry, Focus, What If

  12 Copy quote

• Making money isn't the backbone of our guiding purpose; making money is the by-product of our guiding purpose. If you're doing something you love, you're more likely to put your all into it, and that generally equates to making money

  Warren Buffett

  Business, Love You, Purpose

  17 Copy quote

• For example: (1) As if governed by Newton's First Law of Motion, an institution will resist any change in its current direction; (2) Just as work expands to fill available time, corporate projects or acquisitions will materialize to soak up available funds; (3) Any business craving of the leader, however foolish, will be quickly supported by detailed rate-of-return and strategic studies prepared by his troops; and (4) The behavior of peer companies, whether they are expanding, acquiring, setting executive compensation or whatever, will be mindlessly imitated.

  Warren Buffett

  Law, Leader, Peers

  Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.151, John Wiley & Sons

  9 Copy quote

• I never invest in anything that I don't understand.

  Warren Buffett

  35 Copy quote

• We continue to make more money when snoring than when active.

  Warren Buffett

  Investing, Timing, More Money

  53 Copy quote

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

  Warren Buffett

  Life, Ignorance, Investing

  8 Copy quote

• Every company that has an economist working for him has one employee too many.

  Warren Buffett

  Employee, Economist, Company

  4 Copy quote

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