Warren Buffett Quotes

History teaches us that a crisis often causes problems to correlate in a manner undreamed of in more tranquil times.

Be greedy when others are fearful, and fearful when others are greedy

Read 500 pages like this every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it. — Warren Buffett

Witness the tenacity with which almost all clung to the theory of efficient markets throughout the 1970s and 1980s, dismissively calling powerful facts that refuted it “anomalies.” (I always love explanations of that kind: The Flat Earth Society probably views a ship’s circling of the globe as an annoying, but inconsequential, anomaly.)

The Great Bubble ended on March 10, 2000 (though we didn’t realize that fact until some months later). On that day, the NASDAQ (recently 1,731) hit its all-time high of 5,132. That same day, Berkshire shares traded at $40,800, their lowest price since mid-1997.

Anyone can read what I read, this is a fair playing field

If you can't communicate, it's like winking at a girl in the dark.

The smartest side to take in a bidding war is the losing side.