Quotes By Warren Buffett

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

I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.

The first rule is not to lose. The second rule is not to forget the first rule.

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.

Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful".

We always live in an uncertain world. What is certain is that the United States will go forward over time.

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'

In the business world, the rearview mirror is always clearer than the windshield.

We enjoy the process far more than the proceeds.

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

Beware of geeks bearing formulas.

Let blockheads read what blockheads wrote.

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

Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.

Value is what you get.

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.

I always knew I was going to be rich. I don't think I ever doubted it for a minute.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

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

Time is the friend of the wonderful company, the enemy of the mediocre.

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.

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 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.

Our favorite holding period is forever.

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.