Top 500 Warren Buffett Quotes (2025 Update)
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451. “Fund consultants like to require style boxes such as “long-short,” “macro,” “international equities.” At Berkshire our only style box is “smart.””

— Warren Buffett

452. “Managers thinking about accounting issues should never forget one of Abraham Lincoln’s favorite riddles: How many legs does a dog have, if you call a tail a leg? The answer: Four, because calling a tail a leg doesn’t make it a leg.”

— Warren Buffett

453. “Bull markets and Bear markets can obscure mathematical laws, they cannot repeal them.”

— Warren Buffett

454. “There is no substitute for a local newspaper that is doing its job.”

— Warren Buffett

455. “The market system rewards me outlandishly for what I do, but that doesn’t mean I’m any more deserving of a good life than a teacher or a doctor or someone who fights in Afghanistan.”

— Warren Buffett

456. “I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.”

— Warren Buffett

457. “Stocks of companies selling commodity-like products should come with a warning label: “Competition may prove hazardous to human wealth”.”

— Warren Buffett

458. “Unfortunately, the hangover may prove to be proportional to the binge.”

— Warren Buffett

459. “If I taught a class, on my final exam I would take an Internet company and ask, ‘How much is this company worth?’ Anyone who would answer, I would flunk.”

— Warren Buffett

460. “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

461. “As one of my older friends says, “Nostalgia just isn’t what it used to be.” Let’s take a stab at it, anyway.”

— Warren Buffett

462. “It’s class warfare; my class is winning, but they shouldn’t be.”

— Warren Buffett

463. “We will reject interesting opportunities rather than over-leverage our balance sheet.”

— Warren Buffett

464. “I’m the luckiest guy in the world in terms of what I do for a living. No one can tell me to do things I don’t believe in or things I think are stupid.”

— Warren Buffett

465. “We believe that according the name ‘investors’ to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a ‘romantic.’”

— Warren Buffett

466. “I spend twelve hours a week – a little over 10% of my waking hours – playing the game. Now I am trying to figure out how to get by on less sleep in order to fit in a few more hands.”

— Warren Buffett

467. “We’re still in a recession. We’re not gonna be out of it for a while, but we will get out.”

— Warren Buffett

468. “I am not in the business of predicting general stock market of business fluctuations. If you think I can do this, or think it is essential to an investment program, you should not be in the partnership.”

— Warren Buffett

469. “A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well.”

— Warren Buffett

470. “Our approach is very much profiting from lack of change rather than from change.”

— Warren Buffett

471. “People always should know better. People don’t get – they don’t get smarter about things that get as basic as greed.”

— Warren Buffett

472. “We will prosper or suffer in controlled investments in relation to the operating performances of our businesses – we will not attempt to profit by playing various games in the securities markets.”

— Warren Buffett

473. “Good profits simply are not inconsistent with good behavior.”

— Warren Buffett

474. “Continually challenge and be willing to amend your best loved ideas.”

— Warren Buffett

475. “It’s easy to identify many investment managers with great recent records. But past results, though important, do not suffice when prospective performance is being judged. How the record has been achieved is crucial...”

— Warren Buffett

476. “We will only do with your money what we would do with our own.”

— Warren Buffett

477. “Long ago, Ben Graham taught me that.”

— Warren Buffett

478. “I buy expensive suits. They just look cheap on me.”

— Warren Buffett

479. “If this is a war, my side has the nuclear bomb. We have K Street. We have Wall Street. Debbie doesn’t have anybody. I want a government that is responsive to the people who got the short straw in life.”

— Warren Buffett

480. “Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn’t do any good to look at the cards.”

— Warren Buffett

481. “We also believe candour benefits us as managers. The CEO who misleads often in public eventually misleads himself in private.”

— Warren Buffett

482. “If you are a professional and have confidence, then I would advocate lots of concentration.”

— Warren Buffett

483. “It irritates the hell out of me but you can’t buy love.”

— Warren Buffett

484. “We continue to make more money when snoring than when active.”

— Warren Buffett

485. “I look for businesses in which I think I can predict what they’re going to look like in ten to fifteen years time. Take Wrigley’s chewing gum. I don’t think the internet is going to change how people chew gum.”

— Warren Buffett

486. “The Fed is the greatest hedge fund in history.”

— Warren Buffett

487. “The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves – and the better the teacher, the better the student body.”

— Warren Buffett

488. “As of 1992, in fact-though the picture would have improved since then-the money that had been made since the dawn of aviation by all of this country’s airline companies was zero. Absolutely zero.”

— Warren Buffett

489. “I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.”

— Warren Buffett

490. “The only way to be loved is to be loveable, which really irritates me.”

— Warren Buffett

491. “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.”

— Warren Buffett

492. “I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood; in fact, if it occurswe will be selling life jackets to the unprepared.”

— Warren Buffett

493. “In one way, I’m sympathetic to the institutional reluctance to face the music. I’d give a lot to mark my weight to ‘model’ rather than to ‘market.’”

— Warren Buffett

494. “I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one.”

— Warren Buffett

495. “I’m putting all my money in the Chinese toy market.”

— Warren Buffett

496. “The nature of democracy is such that when there’s – there’ll be revulsion, obviously, towards – that’s never going to happen again.”

— Warren Buffett

497. “If the world couldn’t see your results, would you rather be thought of as the world’s greatest investor but in reality have the world’s worst record? Or be thought of as the world’s worst investor when you were actually the best?”

— Warren Buffett

498. “There are 309 million people out there that are trying to improve their lot in life. And we’ve got a system that allows them to do it.”

— Warren Buffett

499. “My friends and I have been coddled long enough by a billionaire-friendly Congress.”

— Warren Buffett

500. “When you’re associating with the people that you love, doing what you love, it doesn’t get any better than that.”

— Warren Buffett