Warren Buffett Quotes

But my system for over 30 years has been this: When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30.

If you're indexing to the S&P 500, you're buying the most expensive names in the market.

I would rather buy Indian equities than the S&P 500.

The American economy is going to do fine. But it won't do fine every year and every week and every month. I mean, if you don't believe that, forget about buying stocks anyway... It's a positive-sum game, long term. And the only way an investor can get killed is by high fees or by trying to outsmart the market.

No one knows what stocks will do tomorrow, but the evidence is clear as to how they'll perform over 10 or 20 years. They will almost certainly go up.

If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.

It would be nice if this [finding really cheap stocks] happened all the time. Unfortunately, it doesn't.

Stocks are the only thing that people are happy to buy when the price goes up.

Absent a lot of surprises, stocks are relatively predictable over twenty years. As to whether they're going to be higher or lower in two to three years, you might as well flip a coin to decide.

The stock market has always had its own meter. Sometimes it's ahead of itself, sometimes it's behind itself. A broken watch is right twice a day.

A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.

I think the worst mistake you can make in stocks is to buy or sell based on current headlines.

The investor is neither smart not richer when he buys in an advancing market and the market continues to rise. That is true even when he cashes in a goodly profit, unless either (a) he is definitely through with buying stocks an unlikely story or (b) he is determined to reinvest only at considerably lower levels. In a continuous program no market profit is fully realized until the later reinvestment has actually taken place, and the true measure of the trading profit is the difference between the previous selling level and the new buying level.

Who would have guessed that the shots heard 'round the world 225 years ago would fall on deaf ears in a nation now more sympathetic to the gun-grabbing Redcoat than the gun-bearing rebel?

I made a killing on Wall Street a few years ago...I shot my broker.

We alone can devalue gold by not caring if it falls or rises in the marketplace. Wherever there is gold there is a chain, you know, and if your chain is gold so much the worse for you.

To me, when something is classic, whether it came out today or thirty years ago, it falls all in the same pot.

This is why I'm here on this planet, at this time, Francesca. Not to travel or make pictures, but to love you. I know that now. I have been falling from the rim of a great, high place, somewhere back in time, for many more years than I have lived in this life. And through all of those years, I have been falling toward you.

Once I finished breastfeeding, my mom's like, 'Don't take that bra off ever!' Mom, thank you. I wore a one-size-too-small bra for like, two years. It helps...! They don't fall, you teach them, you teach them to come back!

Price fluctuations have only one significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal.

If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.

Share prices fluctuate more than share values.

If you look at academic studies, you can see that stock prices are most closely correlated with cash flow. It's such a straightforward number. Cash flow is what will drive shareholder returns.

If you invested in a very low cost index fund - where you don't put the money in at one time, but average in over 10 years -you'll do better than 90% of people who start investing at the same time.

When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.