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
If you are a professional and have confidence, then I would advocate lots of concentration.
No formula in finance tells you that the moat is 28 feet wide and 16 feet deep. That's what drives the academics crazy. They can compute standard deviations and betas, but they can't understand moats.
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
Sound investing can make you very wealthy if you're not in too big a hurry
The Fed is the greatest hedge fund in history.
We can afford to lose money - even a lot of money. But we can't afford to lose reputation - even a shred of reputation.
If you're in a card game and you can't figure out who the patsy is, you're it.
I view derivatives as time bombs, both for the parties that deal in them and the economic system.
My wealth has come from a combination of living in America, some lucky genes, and compound interest.
It irritates the hell out of me but you can't buy love.
Success is having people love you that you want to have love you.
[W]e think the very term 'value investing' is redundant. What is 'investing' if it is not the act of seeking value at least sufficient to justify the amount paid? Consciously paying more for a stock than its calculated value -- in the hope that it can soon be sold for a still-higher price -- should be labeled speculation (which is neither illegal, immoral nor -- in our view -- financially fattening).
The value of market esoterica to the consumer of investment advice is a different story. In my opinion, investment success will not be produced by arcane formulae, computer programs or signals flashed by the price behavior of stocks and markets. Rather an investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.
When bills come due, only cash is legal tender. Don't leave home without it.