Quotes By Warren Buffett

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.

Value is what you get.

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

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.

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.

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.

If a business does well, the stock eventually follows.

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.

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

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.

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

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.

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.

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.

Derivatives are financial weapons of mass destruction.

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

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

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.