Warren Buffett Quotes

ABCs of business decay, which are arrogance, bureaucracy and complacency.

Tom [Knapp] was a chemistry major at Princeton before the war; when he came back... he was a beach bum. And then one day he read that Dave Dodd was giving a night course in investments at Columbia. Tom took it on a non-credit basis, and he got so interested... that he enrolled at Columbia Business School where he got the MBA... He took Dodd's course again, and took Ben Graham's course. ...35 years later ...I found him on the beach ...he owns the beach!

What counts for most people in investing is not how much they know, but rather how realistically they define what they don't know. "The genius of Warren Buffett in 23 quotes" MarketWatch (19 August 2015)

If you aren't thinking about owning a stock for ten years, don't even think about owning it for ten minutes.

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

Leaving the question of price aside, the best business to own is one that over an extended period can employ large amounts of incremental capital at very high rates of return.

If your employees, including your CEO, wish to give to their alma maters or other institutions to which they feel a personal attachment, we believe they should use their own money, not yours.

The attitude of our managers vividly contrasts with that of the young man who married a tycoon's only child, a decidedly homely and dull lass. Relieved, the father called in his new son- in-law after the wedding and began to discuss the future:

Son, you're the boy I always wanted and never had. Here's a stock certificate for 50% of the company. You're my equal partner from now on.'

Thanks, dad.'

Now, what would you like to run? How about sales?'

I'm afraid I couldn't sell water to a man crawling in the Sahara.'

Well then, how about heading human relations?'

I really don't care for people.'

No problem, we have lots of other spots in the business. What would you like to do?'

Actually, nothing appeals to me. Why don't you just buy me out?

If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. If you have to have a prayer session before raising the price by 10%, then you’ve got a bad business.

Risk comes from not knowing what you're doing.

be greedy when others are fearful, and fearful when others are greedy.

The only time to buy these is on a day with no 'y' in it.

Reading could be the BEST addiction one could have. The only proven side effect is imagination & an edge in knowledge.

What the wise man does in the beginning, the fool does in the end

The rich invest in time, the poor invest in money.