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.

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.

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.

Derivatives are financial weapons of mass destruction.

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

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

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.

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

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

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

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.

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.

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.

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

I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

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

I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.

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

We're still in a recession. We're not gonna be out of it for a while, but we will get out.

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.

If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.

Our favorite holding period is forever.

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

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.