The trick is, when there is nothing to do, do nothing. Warren Buffett More Quotes by Warren Buffett More Quotes From Warren Buffett Of our 49 billion, we haven't moved any to Bitcoin Warren Buffett bitcoin billions havens You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress. Warren Buffett investing-your-time causes common Investing is forgoing consumption now in order to have the ability to consume more at a later date. Warren Buffett investing ability order It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent. Warren Buffett zero real years Our investments continue to be few in number and simple in concept: The truly big investment idea can usually be explained in a short paragraph. We like a business with enduring competitive advantages that is run by able and owner-oriented people. When these attributes exist, and when we can make purchases at sensible prices, it is hard to go wrong (a challenge we periodically manage to overcome). Warren Buffett simple running ideas We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets. Warren Buffett owners investing views All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies. Warren Buffett investing good-times long You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right - that's the only thing that makes you right. And if your facts and reasoning are right, you don't have to worry about anybody else. Warren Buffett investing worry people You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself Warren Buffett nuance imperfect effort The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago. Warren Buffett investing today years The only time to buy these is on a day with no 'y' in it. Warren Buffett money life funny Don't settle for anything other than your passion - if you're lucky enough to find it. Warren Buffett settling passion lucky 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 fashion hands world So some guy may know how to make money in cocoa beans, but I don't so I just let him have that. But it's got to be something I understand. It's got to be a business with fundamentally good economics. It's got to be a management that I like and trust and admire. And it's got to be a price that makes sense. Warren Buffett guy management may You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don't swing for the fences. Warren Buffett swings simple order I look at everything. That's my job. I really do, every day. I think about everything. Warren Buffett jobs looks thinking The wise man once said invest young Warren Buffett wise said men All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it. Warren Buffett step-up waiting steps We look for things I can understand. A lot of businesses I don't understand. Warren Buffett i-can looks The reaction of weak management to weak operations is often weak accounting. Warren Buffett business management weak
