Warren Buffet's Quote

  • One's objective should be to get it right, get it quick, get it out, and get it over... your problem won't improve with age.
  • A public-opinion poll is no substitute for thought.
  • 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 future is never clear, and you pay a very high price in the stock market for a cheery consensus. Uncertainty is the friend of the buyer of long-term values.
  • Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
  • It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
  • Of one thing be certain: if a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will come up with whatever projections are needed to justify his stance. Only in fairy tales are emperors told that they are naked.
  • When asked how he became so successful in investing, Buffett answered: "we read hundreds and hundreds of annual reports every year."
  • I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that. "I'm paying $32 billion today for the Coca Cola Company because..." If you can't answer that question, you shouldn't buy it. If you can answer that question, and you do it a few times, you'll make a lot of money.
  • You ought to be able to explain why you're taking the job you're taking, why you're making the investment you're making, or whatever it may be. And if it can't stand applying pencil to paper, you'd better think it through some more. And if you can't write an intelligent answer to those questions, don't do it.
  • I really like my life. I've arranged my life so that I can do what I want.
  • I'd be a bum on the street with a tin cup if the markets were always efficient.
  • Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.
  • The fact that people will be full of greed, fear or folly is predictable. The sequence is not predictable.
  • Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
  • If you don't know jewelry, know the jeweller.