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Thursday, September 3, 2009
Top 25 Warren Buffett Quotes
When reading Berkshire Hathaway's annual letters or hearing him speak, one can always take away a few great quotes from value investor extraordinaire Warren Buffett. It should come as no surprise that he is so good at dishing out words of wisdom. After all, he is known as the Oracle of Omaha. We thought it would be prudent to assemble some of his best advice in one cohesive post.
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In no particular order, here are 25 insightful investment sayings from legendary investor Warren Buffett:
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1. "Rule No.1: Never lose money. Rule No.2: Never forget rule No.1" 50% off Alphaclone 75% off Wall Street Journal 40% off Barron's Free Quicken Online 60% off InvestorsBusinessDaily Zecco: Free Stock Trades 40% off FT.com 3. "The fact that people will be full of greed, fear or folly is predictable. The sequence is not predictable." MarketClub: 2 Free Months Trader's Blog: Free Alerts
2. "In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond."
4. "Be fearful when others are greedy. Be greedy when others are fearful."
5. "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
6. "When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact."
7. “You only find out who is swimming naked when the tide goes out.”
8. "Risk comes from not knowing what you're doing."
"Price is what you pay. few merger/arb plays out there right now. They know that overstaying the festivities — that is. But I like to do it after the water has run out. I think I could make you 50% a year on $1 million. Because sooner or later.09/20 (16) ► 09/06 . "If I was running $1 million today." 16. "Look at market fluctuations as your friend rather than your enemy." 21." 14. I like buying quality merchandise when it is marked down." @FatPitch could happen if market dives as many predict. continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice. "I like to go for cinches. becomes blurred still further when most market participants have recently enjoyed triumphs. the giddy participants all plan to leave just seconds before midnight.10/04 (21) ► 09/20 . I killed the Dow. But they nevertheless hate to miss a single minute of what is one helluva party. "If a business does well. You can’t buy what is popular and do well." ► 10/25 . "Whether we’re talking about socks or stocks. "I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.09/27 (19) 20.11/08 (10) 19.09/13 (17) . No." 15. The highest rates of return I've ever achieved were in the 1950s. You ought to see the numbers. "Should you find yourself in a chronically leaking boat. But I was investing peanuts then. Value is what you get. Therefore. the stock eventually follows. "Most people get interested in stocks when everyone else is. though: They are dancing in a room in which the clocks have no hands. "Risk comes from not knowing what you're doing.8. I know I could." 12." Warren Buffett's Recommendations Hedge Fund Blue Ridge Capital's Picks Dan Loeb's Picks (Hedge Fund Third Point LLC) Fundamentals & Valuation Technical Analysis & Charts Good Investing/Trading Books 11." ► 09/13 . Nothing sedates rationality like large doses of effortless money. I'd be fully invested. The time to get interested is when no one else is. or $10 million for that matter.ly/1lh4hE $$ about 6 hours ago follow me on Twitter 18. which is never bright and clear.ly/3nqOOw $$ about an hour ago 17.10/11 (17) ► 09/27 ." 9. normally sensible people drift into behavior akin to that of Cinderella at the ball. I like to shoot fish in a barrel. energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks." 13. There’s a problem. "Never count on making a good sale. "Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid." Archive ▼ 2009 (717) ► 11/01 .11/01 (17) ► 10/18 . one will. After a heady experience of that kind. "I try to buy stock in businesses that are so wonderful that an idiot can run them. "The line separating investment and speculation. funds swarm to same plays about 5 hours ago does index-giant Vanguard feel threatened by tactical asset strategies? http://bit." Books By Stock Market Gurus Recommended Reading Lists 10. Have the purchase price be so attractive that even a mediocre sale gives good results. It's a huge structural advantage not to have a lot of money. Anyone who says that size does not hurt investment performance is selling.10/25 (14) ► 10/11 ." Twitter Updates Jeff Saut of Raymond James examines whether or not we've seen a dow theory sell signal http://bit. profit from folly rather than participate in it. I guarantee that. at same time.10/18 (16) ► 10/04 .
06/28 (19) Email this • Subscribe to this feed • Add to del.. just for being right.. the rearview mirror is always clearer than the windshield. "In the business world. 9/22/09) Read more on Warren Buffett at Wikinvest ► 06/14 .icio." Market Folly Custom Portfolio Rebalanced & August . What a Short Squeeze Feels Like (Video) 23. We'll continue to track the Oracle of Omaha's latest moves so stay tuned for future updates. Lone Pine Capital: New Green Mountain Coffee Roast.. And. If you had to own one book about value investing.07/05 (16) ► 06/21 . Citadel Reveals Stake In Songbird Estates Via Cont. we covered Berkshire Hathaway's Annual Report.05/03 (16) ► 04/19 .." To learn more about Buffett and his investing ways.. John Griffin's Blue Ridge Capital Loves Apple (AAP. AQR's Cliff Asness Explains Quant Strategies (Vide. "Someone's sitting in the shade today because someone planted a tree a long time ago. we touched on some of his recent moves in our hedge fund / market guru update. ► 08/09 . in spirit of the market crisis.The Essays of Warren Buffett by the Oracle himself: Lessons from Warren Buffett over the years.06/07 (17) ► 05/24 .... --As far as our coverage on Buffett goes.06/21 (18) ► 06/07 ..... warren buffett ► 05/03 . .05/24 (14) ► 05/10 .The Warren Buffett Way by Robert Hagstrom: Outline of Buffett's tenets for investing.07/26 (15) ► 07/12 . As to how long we’ll wait. Bear Market Comparisons. Top 25 Warren Buffett Quotes Great investing advice as always from Warren Buffett.08/09 (16) ► 07/26 . this would most likely be it.07/19 (8) ► 07/05 . Stephen Mandel's Lone Pine Sells Rightmove (RMV) S. quotes.09/06 (19) 22. "We don’t get paid for activity.06/14 (22) ► 05/31 ." Certified Hedge Fund Professional (CHP): 14 Spots . 7/17/09) Warren Buffett Bets Big On Offshore Wind (Green Chip Stocks.The Intelligent Investor by Benjamin Graham..08/02 (11) ► 07/19 .08/30 (22) ► 08/16 .05/31 (12) ► 05/17 . we highly recommend perusing the following reads: . Macro Hedge Funds Bet Against Recovery Eric Mindich's Eton Park Capital: Loaded With Opti.. Additionally.. Hugh Hendry's Eclectica Fund August Commentary David Stemerman's Conatus Capital Likes Apple (AAP.Security Analysis by Graham & Dodd (a staple on our fundamentals recommended list): Hands down THE book on fundamental analysis. .08/23 (13) . Also authored by Buffett's mentor.us • Stumble It! • Digg This! More on this topic (What's this?) Buffett's Newest Stock Pick (Dividend Growth Investor. "The investor of today does not profit from yesterday's growth.. Thomas Steyer's Farallon Capital Fancies Capitalso. She was hand picked by Buffett to be his biographer.04/26 (14) 25..05/17 (14) Posted by market folly at 7:55 AM Labels: berkshire hathaway.▼ 08/30 ...08/16 (16) ► 08/02 . ► 08/23 . ...07/12 (15) ► 06/28 .. " Some of the investment banks (and even Warren himself) should have listened to that sound advice.05/10 (17) ► 04/26 . you get some pretty interesting results. we’ll wait indefinitely. Bill Gross September 2009 Commentary (PIMCO) Nasdaq Bumps Into Resistance At Fibonacci Retracem." Overcoming Madoff In Fund Management What We're Reading 9/4/09 24. 8/18/09) Buffett Partnership Letters (Dividend Growth Investor. Benjamin Graham was a legendary investor who helped pioneer the ways of value investing and taught Warren Buffett a lot of what he knows today. Similarities & Projection. . we wanted to toss this nice bonus quote in as well: "When you combine ignorance and leverage.The Snowball: Warren Buffett and the Business of Life by Alice Schroeder... value investing.
► 04/12 .03/22 (18) ► 03/08 .03/29 (20) ► 03/15 .02/22 (21) ► 02/08 .04/12 (11) Add New Comment You are commenting as a Guest.02/01 (15) ► 01/18 . Here are a few more: "I have found that making silk purses out of silk is the best that we can do.03/15 (21) ► 03/01 . we fail.02/08 (16) ► 01/25 .03/01 (17) ► 02/15 .04/05 (14) ► 03/22 . With sow's ears. ► 02/01 .04/19 (16) ► 04/05 .01/11 (11) ► 2008 (365) 4 Comments Sort by Popular now Community Page Subscribe by email Bryan 2 months ago That's a great collection of Buffett quotes Jay.03/08 (16) ► 02/22 .02/15 (22) Logged in as Logout from DISQUS Type your comment here. You may select one to log into: ► 03/29 . Thanks.01/25 (14) ► 01/11 ." “Lethargy bordering on sloth remains the cornerstone of our investment style." "Time is the friend of a good business but the enemy of a mediocre business." "You pay a high price for a cheery consensus in the stock market.” Like Report Reply More ▼ marketfolly 2 months ago Good additions Bryan.01/18 (24) ► 01/04 . I hadn't seen some of those! Blogroll Like Report Reply More ▼ Alphaclone Abnormal Returns Newsflashr World Beta .
so here's some reading: our compilation of the top 25 Warren Buffett quotes http://bit.World Beta The Pragmatic Capitalist TPC 2 months ago Good stuff Jay.com marketfolly 2 months ago VIX and More Daily Options Report hey at least you know it's good stuff when it gets stolen right haha Like Report Reply More ▼ Reactions patbussey2 months ago RT @marketfolly: market trading sideways.ly/nLWQO $$ good stuff.ly/nLWQO From twitter via BackType One more retweet from patbussey ivanhoff2 months ago RT @marketfolly our compilation of the top 25 Warren Buffett quotes http://bit. so here's some reading: our compilation of the top 25 Warren Buffett quotes http://bit. I might have to steal this from you :-) Like Report Reply More ▼ Footnoted The Reformed Broker Fund My Mutual Fund Enlightened American Distressed Debt Investing Zero Hedge Forex Trading 10Q Detective Hedge Fund Blogger. here's some reading: our compilation of the top 25 Warren Buffett quotes http://bit.ly/nLWQO $$ From twitter via BackType One more retweet from balboablogging marketfolly2 months ago market trading sideways.com/forums/marketfolly/top_25_warren_buffett_quotes/trackback/ blog comments powered by Disqus Links to this post . especially N9 From twitter via BackType One more retweet from ivanhoff balboablogging2 months ago RT @marketfolly: market trading sideways.ly/nLWQO $$ From twitter via BackType One more retweet from marketfolly Trackback URL http://disqus.
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