Top 10 Quotes by Warren Buffett

Warren Buffett

First come the innovators, then come the imitators, then come the idiots.

Warren Buffett
Buy companies with strong histories of profitability and with a dominant business franchise.
Warren Buffett

There's nothing inappropriate about having debt in America. It's what helped us grow over time. And it's when debt gets out of control that you worry.

Warren Buffett
If horses had controlled investment decisions, there would have been no auto industry.
Warren Buffett

Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life. The calculation of intrinsic value, though, is not so simple. As our definition suggests, intrinsic value is an estimate rather than a precise figure, and it is additionally an estimate that must be changed if interest rates move or forecasts of future cash flows are revised.

Warren Buffett
I have a house that I bought 55 years ago. It's warm in the winter; it's cool in the summer. It has everything I wanted, plus it has all kinds of good memories. Like my kids, I have good thoughts about that. I can't imagine living any better.
Warren Buffett

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 work that way. The stock doesn't know you own it.

Warren Buffett
I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.
Warren Buffett

Intensity is the price of excellence.

Warren Buffett
The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors. We disagree. We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it.