Warren Buffett Quotes, Source Quotes, Annual Reports Quotes

I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.

5 years ago

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Tags : Warren Buffett Quotes , Source Quotes , Annual Reports Quotes

We try to exert a Ted Williams kind of discipline. In his book The Science of Hitting, Ted explains that he carved the strike zone into 77 cells, each the size of a baseball. Swinging only at balls in his "best" cell, he knew, would allow him to bat .400; reaching for balls in his "worst" spot, the low outside corner of the strike zone, would reduce him to .230. In other words, waiting for the fat pitch would mean a trip to the Hall of Fame; swinging indiscriminately would mean a ticket to the minors.

5 years ago

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Tags : Warren Buffett Quotes , Baseball Quotes , Book Quotes

The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.

5 years ago

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Tags : Warren Buffett Quotes , England Quotes , Century Quotes

It's easier to create money than to spend it.

5 years ago

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Tags : Warren Buffett Quotes

The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.

5 years ago

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Tags : Warren Buffett Quotes , Forever Quotes , Mind Quotes

You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself

5 years ago

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Tags : Warren Buffett Quotes , Effort Quotes , Nuance Quotes

Equities will do well over time - you just have to avoid getting excited when other people are getting excited.

5 years ago

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Tags : Warren Buffett Quotes , People Quotes , Excited Quotes

I have got this letter which actually goes out the day after I die. It has already been written. And it says that: "Yesterday I died". And then it says: "That's bad news for me, but it's not bad news for you, the shareholders of Berkshire". And then I go on and explain what is going to happen. I know that is one time when they will be really interested in hearing from me.

5 years ago

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Tags : Warren Buffett Quotes , Yesterday Quotes , News Quotes

The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.

5 years ago

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Tags : Warren Buffett Quotes , Offering Quotes , Foolish Quotes

Wall Street makes its money on activity. You make your money on inactivity.

5 years ago

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Tags : Warren Buffett Quotes , Wall Quotes , Streets Quotes

... but the important thing is that when you do find one where you really do know what you are doing, you must buy in quantity.... Charlie and I have made a dozen or so very big decisions relative to net worth, although not as big as they should have been. And in each of those, we've known that we were almost certain to be right going in.

5 years ago

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Tags : Warren Buffett Quotes , Should Have Quotes , Decision Quotes

Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.

5 years ago

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Tags : Warren Buffett Quotes , Taken Quotes , Cash Quotes

When we really sit back with a smile on our face is when we run into a situation we can understand, where the facts are ascertainable and clear, and the course of action obvious.

5 years ago

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Tags : Warren Buffett Quotes , Running Quotes , Faces Quotes

The purpose of life is to be loved by as many people as possible among those you want to have love you

5 years ago

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Tags : Warren Buffett Quotes , Love You Quotes , People Quotes

What an investor needs is the ability to correctly evaluate selected businesses. Note that word “selected”: You don't have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.

5 years ago

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Tags : Warren Buffett Quotes , Circles Quotes , Knowing Quotes

The future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.

5 years ago

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Tags : Warren Buffett Quotes , Long Quotes , Pay Quotes

We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.

5 years ago

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Tags : Warren Buffett Quotes , Filters Quotes , Investing Quotes

You’d get very rich if you thought of yourself as having a card with only twenty punches in a lifetime, and every financial decision used up one punch. You’d resist the temptation to dabble. You’d make more good decisions and you’d make more big decisions.

5 years ago

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Tags : Warren Buffett Quotes , Decision Quotes , Temptation Quotes

I am not worried about the country. I'm just worried about anything that gums up the potential of the country. And right now, it's pretty gummed up.

5 years ago

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Tags : Warren Buffett Quotes , Country Quotes , Gum Quotes

The typical large company has a compensation committee, They don't look for Dobermans on that committee, they look for chihuahuas.

5 years ago

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Tags : Warren Buffett Quotes , Typical Quotes , Looks Quotes