Warren Buffett Financial Quotes

Thought

2007-11-11T01:08:00.001-08:00

A public-opinion poll is no substitute for thought.

Understand

2007-11-06T20:39:00.000-08:00

If you don't know jewelry, know the jeweller.

Diversification

2007-10-07T02:28:00.001-07:00

Wide diversification is only required when investors do not understand what they are doing.

Fearful, Greedy

2007-10-07T02:27:00.002-07:00

We simply attempt to be fearful when others are greedy, and to be greedy only when others are fearful.

Advice

2007-10-07T02:27:00.001-07:00

Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.

I.Q.

2007-10-07T02:26:00.000-07:00

Success in investing doesn't correlate with I.Q. once you're above the level of 25. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

Shade

2007-10-07T02:25:00.004-07:00

Someone's sitting in the shade today because someone planted a tree a long time ago.

Rule No.1

2007-10-07T02:25:00.003-07:00

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

Risk

2007-10-07T02:25:00.001-07:00

Risk comes from not knowing what you're doing.

Holding Period

2007-10-07T02:24:00.001-07:00

Our favourite holding period is forever.

Investing

2007-10-07T02:23:00.000-07:00

Investing is simple, but not easy.

Rearview

2007-10-07T02:22:00.002-07:00

In the business world, the rearview mirror is always clearer than the windshield.

History

2007-10-07T02:22:00.001-07:00

If past history was all there was to the game, the richest people would be librarians.

Diversification

2007-10-07T02:21:00.000-07:00

Diversification is a protection against ignorance. It makes little sense for those who know what they're doing.