Warren Buffett Quotes

"I always attempt to be fearful when others are greedy and to be greedy only when others are fearful. "

"When a brilliant management tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact."

"When you combine ignorance with debt, you get some pretty interesting results."

"Wide diversification is only required when investors don’t understand what they’re doing."

"My favorite holding period is forever."

"Price is what you pay. Value is what you get."

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

"Time is the friend of the great company, and the enemy of the mediocre."

"Value is what you get."

"We believe that calling institutions that actively trade, 'investors,' is like calling someone who repeatedly engages in one-night stands a 'romantic.' "

"I enjoy the process much more than the proceeds."

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

"Look at market fluctuations as your friend rather than your enemy; profit from folly instead of participating in it."

"Only when the tide goes out do you discover who's been swimming naked."

"Should you find yourself in a chronically leaking boat, the energy devoted to changing vessels is less daunting than the energy devoted to fixing consist leaks."

"Someone's sitting in the shade today because someone planted a tree a long time ago."

"The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective."

"It's better to associate with people better than you. Pick out people whose behavior is better than yours and you'll soon drift in that direction."

"In business, the windshield is always dirtier than the rearview mirror."

"Your reputation is like fine china, it takes 20 years to acquire and ten seconds to destroy."

"Risk presents itself when you don’t know what you're doing."

"Rule Number one: Never lose money. Rule Number two: Don’t forget Rule Number one."

"I never attempt to make money on the day to day change in the stock market. In fact, I purposely buy on the assumption that it’ll close tomorrow and not reopen for five years."

"If a business does well, the stock will always follow."

"In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497."

"A public-opinion poll is no substitute for thinking."

"Chains of habit are too light to feel until they’re too heavy to break."

"Derivatives are financial weapons of mass destruction."

"I don't like to jump over 7-foot bars. Instead, I look for 1-foot bars that I can step over."