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
The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.
You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason.
Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we're trying to do. It's imperfect, but that's what it's all about.
A CEO's behavior has a huge impact on managers down the line.
I am a better investor because I am a businessman, and a better businessman because I am no investor.
Activity is the enemy of investment returns.
Our leaders have asked for 'shared sacrifice.' But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.
I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.
Stop trying to predict the direction of the stock market, the economy or elections.
Our favorite holding period is forever.
When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience.
If you cannot control your emotions, you cannot control your money.
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
Wide diversification is only required when investors do not understand what they are doing.