Buffets Quotes - Page 3

• The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.

  Warren Buffett

  Investing, Investment, Intrinsic Value

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• Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, 'I can calculate the movement of the stars, but not the madness of men.' If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.

  Warren Buffett

  Stars, Business, Loss

  Berkshire Hathaway Inc. Chairman's Letter, www.berkshirehathaway.com. 2005.

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• The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.

  Warren Buffett

  Optimism, Enemy, Saving

  Chairman's Letter to the Shareholders of Berkshire Hathaway Inc., www.berkshirehathaway.com. 1990.

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• Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.

  Warren Buffett

  Temptation, Investing, Inactivity

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• Life is like a snowball. The important thing is finding wet snow and a really long hill.

  Warren Buffett

  Long, Snow, Important

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• If you buy things you do not need, soon you will have to sell things you need.

  Warren Buffett

  Inspirational, Money, Buying Things

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• It's class warfare, my class is winning, but they shouldn't be.

  Warren Buffett

  Helping Others, Winning, Class

  "Buffett: 'There are lots of loose nukes around the world'". "Lou Dobbs Tonight", edition.cnn.com. June 19, 2005.

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• You're dealing with a lot of silly people in the marketplace; it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be OK.

  Warren Buffett

  Silly, Investing Money, People

  "Warren Buffett - In 1974". Forbes Article, www.forbes.com. April 30, 2008.

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• In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

  Warren Buffett

  Business, Military, War

  "Buy American. I Am." by Warren Buffett, www.nytimes.com. October 16, 2008.

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• I really like my life. I've arranged my life so that I can do what I want.

  Warren Buffett

  Investing, Want, Can Do

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• I always knew I was going to be rich. I don't think I ever doubted it for a minute.

  Warren Buffett

  War, Thinking, Insightful

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• I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

  Warren Buffett

  Inspirational, Business, War

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• Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

  Warren Buffett

  Funny, Success, Money

  "Rules That Warren Buffett Lives By". Yahoo Finance, February 23, 2010.

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• You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.

  Warren Buffett

  War, Opportunity, Investing Money

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• Risk comes from not knowing what you're doing.

  Warren Buffett

  Life, Business, War

  "The Three Essential Warren Buffett Quotes To Live By" by James Berman, www.forbes.com. April 20, 2014.

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• You want to be greedy when others are fearful.

  Howard Warren Buffett

  Investing Money, Want, Greedy

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

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• Stop trying to predict the direction of the stock market, the economy or elections.

  Warren Buffett

  Trying, Investing, Election

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• You can't make a good deal with a bad person.

  Warren Buffett

  Life, Generosity, Brilliant

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• Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.

  Warren Buffett

  Rain, Opportunity, Gold

  "25 Best Warren Buffett Quotes". The Motley Fool, www.fool.com. September 28, 2014.

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• We have long felt that the only value of stock forecasters is to make fortune-tellers look good.

  Warren Buffett

  Long, Looks, Investing

  Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.165, John Wiley & Sons

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• The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.

  Warren Buffett

  Important, Quality, Needs

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• The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.

  Warren Buffett

  Business, Insightful, Causes

  Chairman's Letter to the Shareholders of Berkshire Hathaway Inc., www.berkshirehathaway.com. 1990.

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• Only when you combine sound intellect with emotional discipline do you get rational behavior.

  Warren Buffett

  Emotional, Discipline, Sound

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• Success in investing doesn’t correlate with I.Q. Once you are above the level of 25; once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

  Warren Buffett

  People, Intelligence, Ordinary

  "Homespun Wisdom from the 'Oracle of Omaha'" by Amy Stone, BusinessWeek, June 05, 1999.

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• Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.

  Warren Buffett

  Business, War, Opportunity

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