Quotes of All Topics . Occasions . Authors
We like to buy stocks which we feel are undervalued and then we have to have the guts to buy more when they go down.
We basically followed the idea of buying comapnies selling below working-capital - at two thirds of working-capital.
Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices
When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.
Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.
People always should know better. People don't get - they don't get smarter about things that get as basic as greed.
Washington, D.C., is the new Wall Street. No significant financial transaction of any consequence occurs without it.
I don't think there's a... boundary between digital media and print media. Every magazine is doing an online version.
See the clock only when you have No work.... Don't see the clock when you are working.... Clock is a lock for success
Given how few young people actually read the newspaper, it's a good thing they'll be reading a newspaper on a screen.
I've always been interested in science - one of my favourite books is James Watson's 'Molecular Biology of the Gene.'
People care a lot that the USA is well run, and people globally expect us to do things in upgrading science and more.
A deep appreciation for politics comes from empathy for our fellow human beings and their diverse paths through life.
Winning 'Motor Trend' Car of the year is probably the closest thing to winning the Oscar or Emmy of the car industry.
In the long run, investing is not about markets at all. Investing is about enjoying the returns earned by businesses.
It's amazing how difficult it is for a man to understand something if he's paid a small fortune not to understand it.
Central to the effective functioning of early capitalism was the fundamental principle of trusting and being trusted.
The main cause of poverty or financial struggle is fear and ignorance, not the economy or the government or the rich.
One of the best skills of an entrepreneur is the ability to question. By asking new questions, new answers are found.
Too many people are too lazy to think. Instead of learning something new, they think the same thought day in day out.
Average investors are on the outside trying to look into the inside of the company or property they are investing in.
People with vision master the ability to see through to the heart of issues and investments. They value transparency.
Over the years I have found that many of the richest people in the world began their lives with the habit of tithing.
The idea that success can happen overnight is crippling the financial future of generations. You have to work for it.
I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
I have always cautioned partners that I considered three years a minimum in determining whether we were "performing".
In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter.
Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.
Ships are a strange kind of commodity because they're very lumpy, very big individual units, but they're commodities.
I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities.
The function of the margin of safety is, in essence, that of rendering unnecessary an accurate estimate of the future.
If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.
Price statistics show clearly that instability in raw-material prices is a prime cause of instability of other prices.
Humanity’s greatest advances are not in its discoveries – but in how those discoveries are applied to reduce inequity.
If GM had kept up with technology like the computer industry has, we would all be driving $25 cars that got 1,000 MPG.
Maintaining a consistent platform also helps improve product support - a significant problem in the software industry.
Sorghum is kind of unusual. It can go to very high heats, but it's not as productive in most environments as maize is.
I'd be happy if I could think that the role of the library was sustained and even enhanced in the age of the computer.
The U.S. and Canada are two generous governments and we reach out and partner with anyone who believes in foreign aid.
The US spends more on energy R&D than all other countries put together, and I personally consider it quite inadequate.
What is success anyway? Is success about making the most money? No. Money, for the most part, turns people into jerks.
Ride-sharing is one of the biggest math problems that's ever been approached, that's ever been attempted to be solved.
When a door closes, if you look long enough and hard enough, if you're strong enough, you'll find a window that opens.
I think average investors should not trade a lot. The evidence is overpowering. The more you trade, the less you earn.
There's no perfection in family life, and certainly we aren't perfect, but we're probably about as close as we can be.
What indexing does is neutralize a large part of the stock market. There's no trading in those stocks, or almost none.
Your poverty today is because of who you are. Want wealth? Let go of your anchors and inhibitions and change yourself.