Warren Buffett Quotes

For us, whether the market is skewed from a bubble perspective or not really is mitigated by staying focused on what we do best.

Investors should start with a view of skepticism. They should become intellectual investors rather than emotional investors. They should be careful, and they should be skeptical.

One way to mitigate our risk is to invest in companies with understandable business models.

When I first got into business, I made a lot of bad decisions.

I'd stay away from investments in a variety of sectors that are capital intensive. Anyone who says we need $100 million before we know if what we're doing makes sense and the customers want it - that's not going to work.

I prefer to like the people I invest in, but it's not an absolute necessity, as long as they have a good mind and I know they'll do whatever it takes to be successful.

My investment advice is rooted in my understanding of economics.

In markets, there are times when you are looking for what makes sense. At other times, you are looking for what you can do that is sensible versus constraints and uncertainties.

We think that excellence in investing comes from focus.

The person who I admire most in business is Warren Buffett. He is a long-term investor and has brilliant ideas, and he sticks to them.

Don't be buying out of emotion. Buy less if you love something but feel it's a risky item. We don't want overstock. And remember: No profit, no fun!

One of many strengths that I often see in successful women on Wall Street is a responsible balance between risk taking and risk mitigation - the ability to assess situations smartly and make the right medium-to-long-term decisions without being lured into reckless, short-term profit-taking.

Investing is about predicting the future, and the future is inherently unpredictable. Therefore, the only way you can do better is to assess all the facts and truly know what you know and know what you don't know. That's your probability edge.

A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business

All sensible investing is value investing

I never try to predict the market.

We urge the beginner in security buying not to waste his efforts and his money in trying to beat the market. Let him study security values and initially test out his judgment on price versus value with the smallest possible sums.

Even defensive portfolios should be changed from time to time, especially if the securities purchased have an apparently excessive advance and can be replaced by issues much more reasonable priced.

Don't try to be a jack of all investments. Stick to the field you know best.

To have a true investment, there must be a true margin of safety. And a true margin of safety is one that can be demonstrated by figures, by persuasive reasoning, and by reference to a body of actual experience.

Never invest in a business you don't understand.

Do not take yearly results too seriously. Instead, focus on four or five-year averages.

I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.

With a wonderful business, you can figure out what will happen; you can't figure out when it will happen. You don't want to focus on when, you want to focus on what. If you're right about what, you don't have to worry about when

Buy stocks like you buy your groceries, not like you buy your perfume.