Equity Markets Quotes

Fund consultants like to require style boxes such as "long-short," "macro," "international equities." At Berkshire our only style box is "smart."

Well, actually, I manage a couple of stock portfolios or funds or whatever you want to call 'em, and I think I've done relatively well with them.

The transfer of Wall Street from private ownership to public ownership has been a big step backward.

Commodities tend to zig when the equity markets zag.

Anyone with a pension or retirement is an investor in the stock market.

There is a lot of pain still to be had in the equity markets, particularly aimed at the risky end of the spectrum. We think the fair value on the market is about a third lower in the U.S. . .

Being captive to quarterly earnings isn't consistent with long-term value creation. This pressure and the short term focus of equity markets make it difficult for a public company to invest for long-term success, and tend to force company leaders to sacrifice long-term results to protect current earnings.

Most of the time, economic data is fairly benign. I don't wish to imply it is meaningless, but it is not a driver of stock markets. Indeed, the correlation between economic noise and how equity markets perform has been wildly overemphasized.

As far as you are concerned, the stock market does not exist. Ignore it.

The way the credit cards were made in the '80s to be a people's form of capitalism and be able to make it so that you could get a loan that you would have been denied previous, now that's the way stocks are.

One of the reasons why we can make a lot of money in equity markets is because they're auction-driven, and auction-driven markets are very different from almost any other kind of market.

Poison Pill is a great reading. The novel ranges from Russian oligarchs to the American worlds of drug research and the equity markets, all of it in a mode of high suspense.

I'm struck by the fact that by and large equity capital doesn't play a big role in new financing; it's either bonds or internal financing but not really equity. And therefore, it's not clear that anything which improves the equity markets has really much to do with the productivity of the economy as a whole.

I made money. What am I gonna invest in? Stocks? No. I'm going to invest in music.

If you want to make better theory, you've got to use the best that's available and look through the lens of another discipline to see if you can uncover more anomalies. By looking at the phenomena of failure from the perspective of sales, marketing, finance, general management, and the equity markets, I was able to see things that Rebecca [Henderson] hadn't.

Even if a company is taken private, at some stage people want to make it public.

In India, the investment banking industry is a little different. Overseas, the structures are very complicated, but not in India.

I have said many times that it's a mistake to bet against the long-term health of the U.S. equity markets because it's a mistake to bet against the long-term health of the U.S. economy.

I had accumulated some capital and was at an age at which I was interested in generating income. But even though I was risk averse, I was interested in growth stocks.