Warren Buffett Quotes

Stan [Perlmeter] was a liberal arts major... We happened to be in the same building... Again, it took five minutes for Stan to embrace the value approach.

Anyone who has become rich twice is dumb. Why would you risk what you need and have for what you don’t need? If you are already rich, there is no upside to taking on a lot more risk, but there is disgrace on the downside.

I eat like a normal 6-year-old, but if you look at the mortality statistics, I mean, 6-year-olds don't die very often.

The best thing that happens to us is when a great company gets into temporary trouble... We want to buy them when they're on the operating table.

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life. "10 Brilliant Quotes From Warren Buffett, America's Second-Richest Person " entrepreneur.com (13 November 2014)

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

Over the past 15 years, both Internet stocks and houses have demonstrated the extraordinary excesses that can be created by combining an initially sensible thesis with well-publicized rising prices. In these bubbles, an army of originally skeptical investors succumbed to the “proof” delivered by the market, and the pool of buyers — for a time — expanded sufficiently to keep the bandwagon rolling. But bubbles blown large enough inevitably pop. And then the old proverb is confirmed once again: “What the wise man does in the beginning, the fool does in the end.

Managers who want to expand their domain at the expense of owners might better consider a career in government.

Capitalism is all about somebody coming and trying to take the castle. Now what you need is .... you need a castle that has some durable competitive advantage — some castle that has a moat around it.

Do not save what is left after expending, but spend what is left after saving.

I am not a businessman, I am an artist

We're going to move a lot of crude (oil) in this country, and we have to learn how to do it very safely. "Buffett: Moving Oil By Rail Safely Is A Major Industry Concern" Investing.com (24 April 2014)

The difference between successful people and really successful people is that really successful people say no to almost everything

The more you learn, the more you earn.

There seems to be some perverse human characteristic that likes to make easy things difficult.