Warren Buffett Quotes

Long ago, Ben Graham taught me that "Price is what you pay; value is what you get." Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.

I'm going to reveal the grand secret to getting rich by investing. It's a simple formula that has worked for Warren Buffett, Carl Icahn and all the greatest investment gurus over the years. Ready? Buy low, sell high.

The time of maximum pessimism is the best time to buy.

I don't particularly like equities, but I think equities are a better space to be in than bonds.

Buy into good, well-researched companies and then wait. Let's call it a sit-on-your-hands investment strategy.

I'm pretty conservative. I believe that buying good quality is a good investment. I buy fewer things but of better quality.

Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.

The way to make money is to buy when blood is running in the streets.

With … corporations, investors can place bets on the success of many different companies, without having to play a central management role in any one of them.

Warren Buffett is famous for talking about the 'intrinsic value' of stocks. But while many people parrot this phrase, few know what it really means.

Invest in good, solid companies in good sectors.

My portfolio consists of many companies I find fundamentally undervalued in which I expect activism to play a role in the value being realised.

We call ourselves 'opportunistic value investors.'

The Stock Market is designed to transfer money from the Active to the Patient.

The basic concept of value to a private owner and being motivated when you're buying and selling securities by reference to intrinsic value instead of price momentum - I don't think that will ever be outdated.

The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.

When even the analysts are bored, it's time to start buying.

Investing is the greatest business in the world because you never have to swing. You stand at the plate; the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity. All day you wait for the pitch you like; then, when the fielders are asleep, you step up and hit it.

FISHER SEES STOCKS PERMANENTLY HIGH

There is very little difference between speculation and investment. The only difference is basically that investments are successful speculations because if you successfully anticipate the future you make a speculative profit.

The investment game always involves considering both quality and price, and the trick is to get more quality than you pay for in price. It's just that simple.

If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.

Avoid second-quality issues in making up a portfolio unless they are demonstrable bargains.

I believe that the mutual fund industry's biggest shortcoming is too much focus on the momentary price of a stock - an illusion - and too little focus on the intrinsic value of the corporation - the ultimate reality. I'm comforted by the fact that Warren Buffett feels the same way.

If it is hard to imagine that 20% of losses on the stock market, you should never participate