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Warren Buffett Quotes - Page 14

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But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market.

But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.

Home, Government, Media

"Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.

Making money isn't the backbone of our guiding purpose; making money is the by-product of our guiding purpose. If you're doing something you love, you're more likely to put your all into it, and that generally equates to making money

Business, Love You, Purpose

Observing that the market was FREQUENTLY efficient, EMT Adherents went on to conclude incorrectly that it was ALWAYS efficient. The difference between these propositions is night and day.

Night, Differences, Emts

The Fed is the greatest hedge fund in history.

Feds, Fund, Hedge Fund

"If You Don’t Believe We’re Already Back on a Gold Standard, Think Again" by Max Keiser, www.huffingtonpost.com. September 24, 2013.

With a wonderful business, you can figure out what will happen; you can't figure out when it will happen. You don't want to focus on when, you want to focus on what. If you're right about what, you don't have to worry about when

Worry, Focus, What If

You should invest in a business that even a fool can run, because someday a fool will.

Running, Fool, Someday

Quoted in Fortune, 5 Feb. 1996

We continue to make more money when snoring than when active.

Investing, Timing, More Money

Investing requires qualities of temperament way more than it requires qualities of intellect.

Quality, Investing, Way

Never get too hung up on mistakes.

Mistake, Hung

Risk is a part of God's game, alike for men and nations.

Men, Games, Risk

Growth and value investing are joined at the hip.

Growth, Investing, Hips

If you know how to value businesses, it's crazy to own 50 stocks or 40 stocks or 30 stocks, probably because there aren't that many wonderful businesses understandable to a single human being in all likelihood. To forego buying more of some super-wonderful business and instead put your money into #30 or #35 on your list of attractiveness just strikes Charlie and me as madness.

Crazy, Investing, Buying

Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.

Intelligent, Sound, Facts

Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.

Knowing, Long, Risk

Remember that the stock market is manic-depressive.

Investing, Remember, Depressive

There is seldom just one cockroach in the kitchen. You know, you turn on the light and, all of sudden, they all start scurrying around.

Light, Kitchen, Cockroaches

Source: hurricanecapital.wordpress.com

Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.

Life, Long, Generosity

"My Philanthropic Pledge" at the The Giving Pledge, 2010.

Nothing sedates rationality like large doses of effortless money.

Investing Money, Buffets, Rationality

Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.163, John Wiley & Sons

Problems in a company are like cockroaches in the kitchen. You will never find just one

Kitchen, Cockroaches, Problem

Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.

Looks, Esoteric, Geek

Someone's sitting in the shade today because someone planted a tree a long time ago. The person sitting in the shade now should be grateful for the person who planted and tended that tree. That includes all those benefactors of humanity throughout history that created, invented, financed, produced, maintained and improved all that we enjoy today.

Gratitude, Grateful, Long

When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.

Successful, Years, Investing

A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.

Years, Mentor, Majority

"The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns". Book by John C. Bogle, March 05, 2007.

Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.

Business, Two, Doubt

Diversification is protection against ignorance. It makes little sense if you know what you are doing.

Life, Ignorance, Investing

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