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
Warren Buffett quotes about
I measure success by how many people love me. And the best way to be loved is to be lo veable.
All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.
I think the worst mistake you can make in stocks is to buy or sell based on current headlines,
Confidence in markets and in institutions, it's a lot like oxygen. When you have it, you don't even think about it. It's indispensable. You can go years without thinking about it. When it's gone for five minutes, it's the only thing to think about.
If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.
I never invest in anything that I don't understand.
The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball.
As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.
Knowing what to leave out is just as important as knowing what to focus on.
Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying we're going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent. Only in Grover Norquist's imagination does such a response exist.
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?
In the long run managements stressing accounting appearance over economic substance usually achieve little of either.