Warren Buffett Quotes

Only when you combine sound intellect with emotional discipline do you get rational behavior.

Never ask a barber if you need a haircut.

Investing in yourself is the best thing you can do. If you've got talents, no one can take them from you.

In business, I look for economic castles protected by unbreachable 'moats'.

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 be afraid to ask for too much when selling or offer too little when buying.

Cultivate curiosity and strive to become a little wiser every day.

The secret to happiness is having low expectations.

Wide diversification is only required when investors do not understand what they are doing.

Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.

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

The best asset is your own self. You can become to an enormous degree the person you want to be

Uncertainty is the friend of the buyer of long term values.

When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.

Energy deregulation will be the largest transfer of wealth in history.

The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.

We continue to make more money when snoring than when active.

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

It's good to learn from your mistakes. It's better to learn from other people's mistakes.

Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.

We don't get paid for being busy, we get paid for being right.

Do not put all your eggs in one basket.

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

It is more important to say "no" to an opportunity, than to say "yes".

Ignore the stock market, ignore the economy, and buy a business you understand.

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.

Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.

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

Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.

Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices

Never test the depth of river with both the feet.

You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.

My friends and I have been coddled long enough by a billionaire-friendly Congress.

The most important investment you can make is in yourself... nobody can tax it or take it away from you.

First come the innovators, then come the imitators, then come the idiots.

When you combine ignorance and leverage, you get some pretty interesting results.

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

Stocks are the only thing that people are happy to buy when the price goes up.

The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.

The reaction of weak management to weak operations is often weak accounting.

Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.

Tell me your heroes and I'll tell you how your life will end up

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

it's a good idea to review past mistakes before committing new ones.

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

Learning how to live is much more important than learning how to make a living.

If you want to soar like an eagle in life, you can't be flocking with the turkeys.

People will always try to stop you from doing the right thing if it is unconventional.

If you're extremely rich, and you have got children, my theory was, you give them enough so they can do anything, but not enough so they can do nothing.