My favorite time frame for holding a stock is forever.
The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.
The only time to buy these is on a day with no 'y' in it. Warren Buf
Learning how to live is much more important than learning how to make a living.
SUPPOSE that an investor you admire and trust comes to you with an investment idea. This is a good one, he says enthusiastically. I'm in it, and I think you should be, too.
The time to buy stocks is consistently over time. You should never buy your investments with the idea, 'I have to get a certain return.' You should look at the best return possible and learn to live with that. But you should not try to make your investments earn what you feel you need. It doesn't wo
We will only do with your money what we would do with our own.
If you can tell me who your heroes are, I can tell you how you're going to turn out in life.
It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no rea
It's a lot easier to buy things than it is to sell them.
Having a large amount of leverage is like driving a car with a dagger on the steering wheel pointed at your heart. If you do that, you will be a better driver. There will be fewer accidents but when they happen, they will be fatal.
Possessing a powerful worldwide brand is essential for sustained success.
I never try to predict the market.
The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.
It's not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income that causes trouble.
You don't have to be a genius to invest well
Occasionally, a man must rise above principles.
If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when t
Emotional makeup is more important than technical skill
While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.
John Maynard Keynes essentially said, don't try and figure out what the market is doing. Figure out a business you understand, and concentrate.
I learned to go into business only with people whom I like, trust, and admire.
Beware of geeks bearing formulas. Warren Buffet
Market price, while used exclusively to value our investments in minority positions, is not a relevant factor when applied to our controlling interests.
We always live in an uncertain world. What is certain is that the United States will go forward over time.
Never invest in a business you don't understand.
... but the important thing is that when you do find one where you really do know what you are doing, you must buy in quantity.... Charlie and I have made a dozen or so very big decisions relative to net worth, although not as big as they should have been. And in each of those, we've known that we w
I'm happy when I can spend every day doing the things that I like to do. That's my luxury.
In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
Unless your answers are clearly better, copy the answers of your betters.