Warren Buffett Quotes on Life

Warren Buffett Quotes on Life, Death, Taxes, Girls and Investing

In addition to being the world's most successful investor Warren Buffett can also be a very witty guy and, much to the delight of journalists and bloggers, Warren Buffett quotes seem to combine wisdom and wit in equal proportions that make for good headlines.

Warren Buffett on Girls

A girl in a convertible is worth five in the phonebook.

Warren Buffett on Fashion

I buy expensive suits. They just look cheap on me.

Warren Buffett on Death

I've reluctantly discarded the notion of my continuing to manage the portfolio after my death – abandoning my hope to give new meaning to the term 'thinking outside the box.'

Warren Buffet on Taxes

If you're in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.

Warren Buffett on Gold

[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head. (The same is true fo course of a lot of stuff - Ed.)

Warren Buffett on Inheritance

I will leave enough money to my children so that they would feel they could do anything, but not so much that they could do nothing.

Warren Buffett on Money

There's nothing material I want very much. And I'm going to give virtually all of those "claim checks" (money) to charity when my wife and I die.

Warren Buffett on Bubbles

Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities -- that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future -- will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There's a problem, though: They are dancing in a room in which the clocks have no hands.

Warren Buffett on Crooks

You only find out who is swimming naked when the tide goes out.

Warren Buffett on Company Directors

I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

The managers at fault periodically report on the lesson they have learned from the latest disappointment. They then usually seek out future lessons

Warren Buffett on Foresight

Someone's sitting in the shade today because someone planted a tree a long time ago.

Warren Buffett on Sir Isaac Newton
If he had not been traumatized by his loss in the South Sea Bubble, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.

Warren Buffett on Society

Putting people into homes, though a desirable goal, shouldn’t be our country’s primary objective. Keeping them in their homes should be the ambition.

Warren Buffett on Stock Trading

I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.

We've long felt that the only value of stock forecasters is to make fortune tellers look good.

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.

If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.

On acquiring bad companies for cheap prices: "In my early days as a manager I, too, dated a few toads. They were cheap dates - I've never been much of a sport - but my results matched those of acquirers who courted higher-price toads. I kissed and they croaked.

Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

Our favorite holding period is forever.

If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.

The most important quality for an investor is temperament, not intellect... You need a temperament that neither derives great pleasure from being with the crowd or against the crowd

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

One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as "marketability" and "liquidity," sing the praises of companies with high share turnover... but investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pick pocket of enterprise

I'll tell you why I like the cigarette business. It costs a penny to make. Sell it for a dollar. It's addictive. And there's fantastic brand loyalty.

I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

In the business world, the rearview mirror is always clearer than the windshield

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price

Warren Buffett on Being Right

You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right—and that's the only thing that makes you right. And if your facts and reasoning are right, you don't have to worry about anybody else

Warren Buffett on Integrity

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

Warren Buffett on Wall Street

First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.

Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway.

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