Top 500 Warren Buffett Quotes (2024 Update)
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301. “Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas. ”

— Warren Buffett

302. “The advice “you never go broke taking a profit” is foolish.”

— Warren Buffett

303. “Don’t risk what is important to you, to get what is not important to you.”

— Warren Buffett

304. “I don’t have my diploma from the University of Nebraska hanging on my office wall, and I don’t have my diploma from Columbia up there either-but I do have my Dale Carnegie graduation certificate proudly displayed.”

— Warren Buffett

305. “Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.”

— Warren Buffett

306. “An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.”

— Warren Buffett

307. “If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter.”

— Warren Buffett

308. “Ignore the stock market, ignore the economy, and buy a business you understand.”

— Warren Buffett

309. “Returns decrease as motion increases.”

— Warren Buffett

310. “Consciously paying more for a stock than its calculated value – in the hope that it can soon be sold for a still-higher price – should be labelled speculation.”

— Warren Buffett

311. “Many stock options in the corporate world have worked in exactly that fashion: they have gained in value simply because management retained earnings, not because it did well with the capital in its hands.”

— Warren Buffett

312. “Paradoxically, when ‘dumb’ money acknowledges its limitations, it ceases to be dumb.”

— Warren Buffett

313. “Take the job you would take if you were independently wealthy. You’re going to do well at it.”

— Warren Buffett

314. “Never be afraid to ask for too much when selling or offer too little when buying.”

— Warren Buffett

315. “Well, it may be all right in practice, but it will never work in theory.”

— Warren Buffett

316. “I don’t read economic forecasts. I don’t read the funny papers.”

— Warren Buffett

317. “The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.”

— Warren Buffett

318. “It’s never paid to bet against America.”

— Warren Buffett

319. “My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.”

— Warren Buffett

320. “The investor of today does not profit from yesterday’s growth.”

— Warren Buffett

321. “A fool and his money are soon invited everywhere.”

— Warren Buffett

322. “Every company that has an economist working for him has one employee too many.”

— Warren Buffett

323. “When people talk about cash being king, it’s not king if it just sits there and never does anything.”

— Warren Buffett

324. “A stock doesn’t know that you own it.”

— Warren Buffett

325. “Confidence is key. You’re not going to put your money – you’re not going to leave your money with me unless you’re confident I’m going to give it back to you.”

— Warren Buffett

326. “When asked how he became so successful in investing, Buffett answered: ’we read hundreds and hundreds of annual reports every year.”

— Warren Buffett

327. “Let blockheads read what blockheads wrote.”

— Warren Buffett

328. “Would you rather be the world’s greatest lover, but have everyone think you’re the world’s worst lover? Or would you rather be the world’s worst lover but have everyone think you’re the world’s greatest lover? Now, that’s an interesting question.”

— Warren Buffett

329. “If you don’t know the Jewelry, know the Jeweller.”

— Warren Buffett

330. “When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.”

— Warren Buffett

331. “In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard.”

— Warren Buffett

332. “What could be more advantageous in an intellectual contest – whether it be chess, bridge, or stock selection – than to have opponents who have been taught that thinking is a waste of energy?”

— Warren Buffett

333. “The smartest side to take in a bidding war is the losing side.”

— Warren Buffett

334. “Read Ben Graham and Phil Fisher read annual reports, but don’t do equations with Greek letters in them.”

— Warren Buffett

335. “If you get to my age in life and nobody thinks well of you, I don’t care how big your bank account is, your life is a disaster.”

— Warren Buffett

336. “Investors should remember that excitement and expenses are their enemies.”

— Warren Buffett

337. “Your premium brand had better be delivering something special, or it’s not going to get the business.”

— Warren Buffett

338. “For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.”

— Warren Buffett

339. “Risk can be greatly reduced by concentrating on only a few holdings.”

— Warren Buffett

340. “Calculate “owner earnings” to get a true reflection of value.”

— Warren Buffett

341. “You should look at stocks as small pieces of business.”

— Warren Buffett

342. “When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.”

— Warren Buffett

343. “An investor needs to do very few things right as long as he or she avoids big mistakes.”

— Warren Buffett

344. “If, when making a stock investment, you’re not considering holding it at least ten years, don’t waste more than ten minutes considering it.”

— Warren Buffett

345. “Stop trying to predict...”

— Warren Buffett

346. “I’ll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It’s addictive. And there’s a fantastic brand loyalty.”

— Warren Buffett

347. “Success is having people love you that you want to have love you.”

— Warren Buffett

348. “A pin lies in wait for every bubble and when the two eventually meet, a new wave of investors learns some very old lessons.”

— Warren Buffett

349. “We have long felt that the only value of stock forecasters is to make fortune-tellers look good.”

— Warren Buffett

350. “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.”

— Warren Buffett