If I subscribed to the efficient market theory I would still be delivering papers Warren Buffett More Quotes by Warren Buffett More Quotes From Warren Buffett I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need. Warren Buffett family-and-friends order needs Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis. Warren Buffett results term expectations We will continue to ignore political and economic forecasts, which are an expensive distraction for many investors and Warren Buffett yield war years Buy stocks like you buy your groceries, not like you buy your perfume. Warren Buffett perfume groceries like-you The American worker is more productive than he's ever been. Warren Buffett american-workers productive workers I learned to go into business only with people whom I like, trust, and admire. Warren Buffett admire people Growth and value investing are joined at the hip. Warren Buffett investing hips growth Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices. Warren Buffett sinking investing should I'm putting all my money in the Chinese toy market. Warren Buffett chinese toys [Economy] is flat on the floor, and the paramedics have arrived. And they shouldn't argue about whether they put the resuscitation equipment a quarter of an inch this way or a quarter of an inch this way, or they shouldn't start criticizing the patient, because he didn't have a blood pressure test or something like that. They should do what's needed right now. Warren Buffett tests blood way You should look at stocks as small pieces of business. Warren Buffett pieces should looks We all make mistakes. If you can't make mistakes, you can't make decisions. I've made a lot bigger mistakes myself. Warren Buffett decision made mistake Equities will do well over time - you just have to avoid getting excited when other people are getting excited. Warren Buffett equity excited people You're dealing with a lot of silly people in the marketplace; it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be OK. Warren Buffett investing-money silly people Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable. Warren Buffett investing decision earning Beware [of] the investment activity that produces applause; the great moves are usually greeted by yawns. Warren Buffett applause investment moving 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 taken simple moving 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 stupid believe thinking First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy. Warren Buffett wall quality community In the end we must have people to match our principles, not the reverse. Warren Buffett principles ends people
