These people risked something they had and needed for something they did not have and did not need. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), on the collaps of the LTCM hedge fonds (Long Term Capital Management), found on youtube: “Warren Buffett MBA talk”
The art of investing in public companies successfully is little different from the art of successfully acquiring subsidiaries. In each case you simply want to acquire, at a sensible price, a business with excellent economics and able, honest management. Thereafter, you need only monitor whether these qualities are being preserved. Warren Buffett – American value investor, Chairman of...
My partner Charlie and I never look back; we have so much to look forward to that it does not make sense to look back. Warren Buffet – American value investor, Chairman of Berkshire Hathaway (b. 1930), found on youtube: “Warren Buffett MBA Talk”
We do not get paid for activity, just for being right. Warren Buffet – American value investor, Chairman of Berkshire Hathaway (b. 1930)
We love owning common stocks – if they can be purchased at attractive prices. Unless, however, we see a very high probability of at least 10% pre-tax returns, we will sit on the sidelines. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)
Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)
If someone starts talking to you about beta, zip your pocketbook … there are two kinds of risk: 1) The risk that you could get a better return on your money elsewhere (opportunity cost) and 2) the risk of permanent capital impairment (financial health). Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)
I have seen no trend towards value investing in the 35 years that I”ve practiced it. There seems to be some perverse human characteristic that likes to make easy things difficult. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)
(Benjamin Graham) wasn’t about brilliant investments and he wasn’t about fads or fashion. He was about sound investing and I think sound investing can make you very wealthy if you’re not in too big of a hurry. And it never makes you poor, which is better. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)
Give a man a fish and you feed him for a day. Teach him how to arbitrage and you feed him forever. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)
Price is what you pay. Value is what you get. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)
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. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)
If a business does well, the stock eventually follows. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)
If you think you can dance in and out of stocks I want to be your broker not your partner. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)
Our prototype for occupational fervor is the Catholic tailor who used his small savings of many years to finance a pilgrimage to the Vatican. When he returned, his parish held a special meeting to get his firsthand account of the Pope. “Tell us,” said the eager faithful, “just what sort of fellow is he?” Our hero wasted no words. “He”s a forty-four...
It is hard to make money where others are prepared to loose it. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)
The basic ideas of investing are to look at stocks as businesses, use market fluctuations to your advantage and seek a margin of safety. That”s what Ben Graham taught us… A hundred years from now they will still be the cornerstones of investing. Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)