Quotes of All Topics . Occasions . Authors
I have always cautioned partners that I considered three years a minimum in determining whether we were "performing".
People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.
I think what people understand there probably - well, they were hoping the private sector would do it [rescuing AIG ].
Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.
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.
Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow.
In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard.
Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.
We can afford to lose money - even a lot of money. But we can't afford to lose reputation - even a shred of reputation.
It is to our advantage to have securities do nothing price-wise for months, or perhaps years, while we are buying them.
We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.
You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well
What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.
You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.
Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling.
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.
If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich.
I checked the actuarial tables, and the lowest death rate is among six-year-olds. So I decided to eat like a six-year-old.
Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
Investing is not as tough as being a top-notch bridge player. All it takes is the ability to see things as they really are.
All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.
I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.
Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.
A pin lies in wait for every bubble and when the two eventually meet, a new wave of investors learns some very old lessons.
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.
If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.
By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.
First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.
We also believe candour benefits us as managers. The CEO who misleads often in public eventually misleads himself in private.
A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth.
So if you are evaluating others (or yourself!) in the investment field, think out some standards - apply them - interpret them.
For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.
I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need.
In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.
If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.
The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.
I have a wonderful family. I have a job that I love and wonderful people who help me with it. It can't get any better than that.
I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.
I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.
I mean, you may be very mad at some guy that walked away with a huge golden parachute, but that really isn't the important thing.
The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.