Quotes By Warren Buffett

Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.

You only have to do a very few things right in your life so long as you don't do too many things wrong.

If a business does well, the stock eventually follows.

You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it.

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

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism.

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

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

Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.

Wide diversification is only required when investors do not understand what they are doing.

Our favorite holding period is forever.

A public-opinion poll is no substitute for thought.

When you combine ignorance and leverage, you get some pretty interesting results.

Risk comes from not knowing what you're doing.

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

The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves-and the better the teacher, the better the student body.

Derivatives are financial weapons of mass destruction.

There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.

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

Chains of habit are too light to be felt until they are too heavy to be broken.

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

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

Risk is a part of God's game, alike for men and nations.

The investor of today does not profit from yesterday's growth.

We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.

The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.

I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.

I buy expensive suits. They just look cheap on me.

It's never paid to bet against America. We come through things, but its not always a smooth ride.