Favorite Buffett Quotes: December 2018

Saturday, December 22, 2018

Inspirational Quote Number 99 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: I try to buy stock in businesses that are so wonderful that an idiot can run them because sooner or later, one will.

Inspirational Quote Number 98 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: I had a great teacher in life in my father. But I had another great teacher in terms of profession in terms of Ben Graham. I was lucky enough to get the right foundation very early on. And then basically I didnt listen to anybody else. I just look in the mirror every morning and the mirror always agrees with me. And I go out and do what I believe I should be doing. And Im not influenced by what other people think.

Inspirational Quote Number 97 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: You shouldnt own common stocks if a 50% decrease in their value in a short period of time would cause you acute distress.

Inspirational Quote Number 96 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.

Inspirational Quote Number 95 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: If youve been playing poker for half an hour and you still dont know who the patsy is, youre the patsy.

Inspirational Quote Number 94 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: There seems to be some perverse human characteristic that likes to make easy things difficult

Inspirational Quote Number 93 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: I dont look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

Inspirational Quote Number 92 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Intensity is the price of excellence.

Inspirational Quote Number 91 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they dont.

Inspirational Quote Number 90 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Youre dealing with a lot of silly people in the marketplace; its like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be O.K.

Inspirational Quote Number 89 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.

Inspirational Quote Number 88 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: But a pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street — a community in which quality control is not prized — will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.

Inspirational Quote Number 87 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: What the wise do in the beginning, fools do in the end.

Inspirational Quote Number 86 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Failing conventionally is the route to go; as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press

Inspirational Quote Number 85 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.

Inspirational Quote Number 84 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Nothing sedates rationality like large doses of effortless money.

Inspirational Quote Number 83 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: You need to divorce your mind from the crowd. The herd mentality causes all these IQs to become paralyzed. I dont think investors are now acting more intelligently, despite the intelligence. Smart doesnt always equal rational. To be a successful investor you must divorce yourself from the fears and greed of the people around you, although it is almost impossible.

Inspirational Quote Number 82 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: 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.

Inspirational Quote Number 81 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: If past history was all that is needed to play the game of money, the richest people would be librarians.

Inspirational Quote Number 80 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: What we learn from history is that people dont learn from history.

Friday, December 21, 2018

Inspirational Quote Number 79 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: In the business world, the rearview mirror is always clearer than the windshield.

Inspirational Quote Number 78 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: The best thing is to learn from other guys mistakes. [General George S.] Patton used to say, 'It's an honor to die for your country; make sure the other guy gets the honor.' There are a lot of mistakes that Ive repeated. The biggest one, the biggest category over time, is being reluctant to pay up a little for a business that I knew was really outstanding.

Inspirational Quote Number 77 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.

Inspirational Quote Number 76 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: In the 54 years (Charlie Munger and I) have worked together, we have never forgone an attractive purchase because of the macro or political environment, or the views of other people. In fact, these subjects never come up when we make decisions.

Inspirational Quote Number 75 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Weve long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.

Inspirational Quote Number 74 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: I believe in giving my kids enough so they can do anything, but not so much that they can do nothing.

Inspirational Quote Number 73 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: If your employees, including your CEO, wish to give to their alma maters or other institutions to which they feel a personal attachment, we believe they should use their own money, not yours.

Inspirational Quote Number 72 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: I dont have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. Its like I have these little pieces of paper that I can turn into consumption. If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GDP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing. I dont do that though. I dont use very many of those claim checks. Theres nothing material I want very much. And Im going to give virtually all of those claim checks to charity when my wife and I die.

Inspirational Quote Number 71 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: I wont close down a business of subnormal profitability merely to add a fraction of a point to our corporate returns. I also feel it inappropriate for even an exceptionally profitable company to fund an operation once it appears to have unending losses in prospect. Adam Smith would disagree with my first proposition and Karl Marx would disagree with my second; the middle ground is the only position that leaves me comfortable.

Inspirational Quote Number 70 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Honesty is a very expensive gift, dont expect it from cheap people.

Inspirational Quote Number 69 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, youll do things differently.

Inspirational Quote Number 68 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Tell me who your heroes are and Ill tell you how youll turn out to be.

Inspirational Quote Number 67 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Writing a check separates a commitment from a conversation.

Inspirational Quote Number 66 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Its better to hang out with people better than you. Pick out associates whose behavior is better than yours and youll drift in that direction.

Inspirational Quote Number 65 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: The difference between successful people and really successful people is that really successful people say no to almost everything.

Inspirational Quote Number 64 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Youve gotta keep control of your time, and you cant unless you say no. You cant let people set your agenda in life.

Inspirational Quote Number 63 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Life is like a snowball. The important thing is finding wet snow and a really long hill.

Inspirational Quote Number 62 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Imagine that you had a car and that was the only car youd have for your entire lifetime. Of course, youd care for it well, changing the oil more frequently than necessary, driving carefully, etc. Now, consider that you only have one mind and one body. Prepare them for life, care for them. You can enhance your mind over time. A persons main asset is themselves, so preserve and enhance yourself.

Inspirational Quote Number 61 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: The most important investment you can make is in yourself.

Inspirational Quote Number 60 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: By the age of 10, Id read every book in the Omaha public library about investing, some twice. You need to fill your mind with various competing thoughts and decide which make sense. Then you have to jump in the water – take a small amount of money and do it yourself. Investing on paper is like reading a romance novel vs. doing something else. Youll soon find out whether you like it. The earlier you start, the better.

Inspirational Quote Number 59 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Chains of habit are too light to be felt until they are too heavy to be broken.

Inspirational Quote Number 58 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: If you buy things you do not need, soon you will have to sell things you need.

Inspirational Quote Number 57 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Do not save what is left after spending; instead spend what is left after saving.

Inspirational Quote Number 56 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: Im not interested in cars and my goal is not to make people envious. Dont confuse the cost of living with the standard of living.

Inspirational Quote Number 55 from Warren Buffett

Another quote I quite like from Mr. Warren Buffett is: There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you dont like because you think it will look good on your resume. Isnt that a little like saving up sex for your old age?