Warren Buffett
Warren Buffett
Warren Edward Buffett is an American business magnate, investor and philanthropist. He is considered by some to be one of the most successful investors in the world. Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway, and is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and as the third wealthiest in 2015. In 2012 Time named Buffett one of the world's most influential people...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth30 August 1930
CityOmaha, NE
CountryUnited States of America
I've often felt there might be more to be gained by studying business failures than business successes.
The stockmarket is a semi-psychotic creature given to extremes of elation and despair.
Mr. Market is your servant, not your guide.
If the reason for doing something is that everyone else is doing it, it's not a good enough reason.
We're perfectly willing to trade away a big payoff for a certain payoff.
The plan itself is opportunism. There is no plan before that.
The value of market esoterica to the consumer of investment advice is a different story. In my opinion, investment success will not be produced by arcane formulae, computer programs or signals flashed by the price behavior of stocks and markets. Rather an investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.
I view derivatives as time bombs, both for the parties that deal in them and the economic system.
I don't read economic forecasts. I don't read the funny papers.
Money is not everything. Make sure you earn a lot before speaking such nonsense.
An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.
Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.
We have embraced the 21st century by entering such cutting-edge industries as brick, carpet, insulation and paint. Try to control your excitement.
You can't buy what is popular and do well.