Warren Buffett Quotes, Average Quotes, Years Quotes

Do not take yearly results too seriously. Instead, focus on four or five-year averages.

5 years ago

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Tags : Warren Buffett Quotes , Average Quotes , Years Quotes

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.

5 years ago

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Tags : Warren Buffett Quotes , People Quotes , Intelligence Quotes

Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.

5 years ago

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Tags : Warren Buffett Quotes , Ignorance Quotes , Littles Quotes

If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station - I'm talking of the past - you know, your idiot nephew could run it. And if you've got a really good business, it doesn't make any difference.

5 years ago

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Tags : Warren Buffett Quotes , Running Quotes , Past Quotes

It's the deleveraging that's going on right now that has caused the credit crisis.

5 years ago

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Tags : Warren Buffett Quotes , Credit Quotes , Crisis Quotes

My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc., should be willing to state unequivocally what he is going to attempt to accomplish and how he proposes to measure the extent to which he gets the job done.

5 years ago

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Tags : Warren Buffett Quotes , Jobs Quotes , Views Quotes

The rest of the world really likes our stuff pretty well. It's just we buy so damn much of what they produce.

5 years ago

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Tags : Warren Buffett Quotes , World Quotes , Stuff Quotes

Mr. Market is your servant, not your guide.

5 years ago

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Tags : Warren Buffett Quotes , Guides Quotes

I did not think I would see the day when, you know, an AIG would not be able to have its checks clear.

5 years ago

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Tags : Warren Buffett Quotes , Thinking Quotes , Able Quotes

We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.

5 years ago

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Tags : Warren Buffett Quotes , Long Quotes , Waiting Quotes

Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which governs valuation of minority interest positions, is of little or no importance in valuing a controlling interest.

5 years ago

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Tags : Warren Buffett Quotes , Minorities Quotes , Littles Quotes

We've had public companies in the past in that business and they bleed. We've got a lot more blood than they do.

5 years ago

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Tags : Warren Buffett Quotes , Past Quotes , Blood Quotes

Of our 49 billion, we haven't moved any to Bitcoin

5 years ago

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Tags : Warren Buffett Quotes , Bitcoin Quotes , Billions Quotes

The ability to say no is a tremendous advantage for an investor.

5 years ago

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Tags : Warren Buffett Quotes , Money Quotes , Investing Quotes

Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.

5 years ago

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Tags : Warren Buffett Quotes , Integrity Quotes , Passion Quotes

So if you are evaluating others (or yourself!) in the investment field, think out some standards - apply them - interpret them.

5 years ago

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Tags : Warren Buffett Quotes , Thinking Quotes , Fields Quotes

There is no perfect mathematical formula for pricing a business.

5 years ago

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Tags : Warren Buffett Quotes , Perfect Quotes , Mathematical Quotes

Our future rates of gain will fall far short of those achieved in the past. Berkshire's capital base is now simply too large to allow us to earn truly outsized returns. If you believe otherwise, you should consider a career in sales but avoid one in mathematics.

5 years ago

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Tags : Warren Buffett Quotes , Believe Quotes , Fall Quotes

Either they're trying to con you or they're trying to con themselves.

5 years ago

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Tags : Warren Buffett Quotes

I don't want to be on the other side of the table from the customer. I was never selling anything that I didn't believe in myself or use myself.

5 years ago

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Tags : Warren Buffett Quotes , Believe Quotes , Use Quotes