Warren Buffett Quotes

I could end the deficit in five minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.

Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.

The most important investment you can make is in yourself.

You know ... you keep doing the same things and you keep getting the same result over and over again.

[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.

Do not save what is left after spending; instead spend what is left after saving.

Diversification is protection against ignorance. It makes little sense if you know what you are doing.

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

Wall Street is the only place that people drive to in a Rolls Royce to take advice from people who ride the subway.

So smile when you read a headline that says “Investors lose as market falls.” Edit it in your mind to “Disinvestors lose as market falls — but investors gain.” Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other. (As they say in golf matches: “Every putt makes someone happy.”)

...not doing what we love in the name of greed is very poor management of our lives.

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

I am not a businessman, I am an artist

We don’t have to be smarter than the rest. We have to be more disciplined than the rest.

We need a moderately-priced stock market… The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do. For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments.