Warren Buffett Buffets Quotations

The first rule is not to lose. The second rule is not to forget the first rule.

Long ago, Ben Graham taught me that

What we learn from history is that people don't learn from history.

Risk can be greatly reduced by concentrating on only a few holdings.

The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.

It’s class warfare; my class is winning, but they shouldn’t be.

I really like my life. I've arranged my life so that I can do what I want.

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

An investor should act as though he had a lifetime decision card with just twenty punches on it.

You can't buy what is popular and do well.

Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.

For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.

Too often, a vast collection of possessions ends up possessing its owner.

Buy into a company because you want to own it, not because you want the stock to go up.

If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.

Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.

Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.

Nothing sedates rationality like large doses of effortless money.

I get to do what I like to do every single day of the year.

A very rich person should leave his kids enough to do anything, but not enough to do nothing.

It is not necessary to do extraordinary things to get extraordinary results.

You can't make a good deal with a bad person.

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

I am a better investor because I am a businessman, and a better businessman because I am no investor.

Stop trying to predict the direction of the stock market, the economy or elections.

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 invest in a business you can't understand

Do not save what is left after spending, but spend what is left after saving.