Warren Buffett
Warren Buffett
Warren Edward Buffett is an American business magnate, investor and philanthropist. He is considered by some to be one of the most successful investors in the world. Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway, and is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and as the third wealthiest in 2015. In 2012 Time named Buffett one of the world's most influential people...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth30 August 1930
CityOmaha, NE
CountryUnited States of America
I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood; in fact, if it occurswe will be selling life jackets to the unprepared.
A bull market is like sex. It feels best just before it ends.
Long ago, Ben Graham taught me that
Managers that always promise to 'make the numbers' will at some point be tempted to make up the numbers.
For example: (1) As if governed by Newton's First Law of Motion, an institution will resist any change in its current direction; (2) Just as work expands to fill available time, corporate projects or acquisitions will materialize to soak up available funds; (3) Any business craving of the leader, however foolish, will be quickly supported by detailed rate-of-return and strategic studies prepared by his troops; and (4) The behavior of peer companies, whether they are expanding, acquiring, setting executive compensation or whatever, will be mindlessly imitated.
Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting -based frauds of staggering size. Few of the perpetrators have been punished; many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun.
If you hit a hole in one every hole, you wouldn’t play golf for very long.
Focus alone is not enough; putting in the time to commit is also crucial to achieve success.
The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.
If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.
When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.
Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.
There's no use running if you're on the wrong road.
Investors should remember that excitement and expenses are their enemies.