Warren Buffett Quotes

There is seldom just one cockroach in the kitchen. You know, you turn on the light and, all of sudden, they all start scurrying around.

What we learn from history is that people don’t learn from history.

Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.

Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

The reaction of weak management to weak operations is often weak accounting.

An investor should act as though he had a lifetime decision card with just twenty punches on it.

I look at everything. That’s my job. I really do, every day. I think about everything.

Investing is not as tough as being a top-notch bridge player. All it takes is the ability to see things as they really are.

A pin lies in wait for every bubble and when the two eventually meet, a new wave of investors learns some very old lessons.

My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.

We have embraced the 21st century by entering such cutting-edge industries as brick, carpet, insulation and paint. Try to control your excitement.