Warren Buffett

Your money can be inflated away but your knowledge and talent cannot.

Warren Buffett

A company should be viewed as an unfolding movie, not as a still photograph.

Warren Buffett

A contrarian approach is just as foolish as a follow-the-crowd strategy. What’s required is thinking rather than polling.

Warren Buffett

A lot of people disagree with me on this, I believe in mark to market.

Warren Buffett

A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.

Warren Buffett

A market downturn, doesn’t bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.

Warren Buffett

A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well.

Warren Buffett

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

AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over 200 billion, the most respected insurer and everything in the world.

Warren Buffett

All but a few of the organizations do not specifically promise to deliver superior investment performance although it is perhaps not unreasonable for the public to draw such an inference from their advertised emphasis on professional management.

Warren Buffett