Warren Buffett -isms


With a net worth of more than $66 billion, Warren Buffett is the third-richest man in the world according to Forbes magazine. Here are some Buffet-isms on investment.

  • I am a huge bull on the American economy.
  • I am a better investor because I am a businessman, and I am a better businessman because I am an investor.
  • The Dow Jones Industrial Average started the 20th century at 66 and it ended at 11,400. That’s not a bad train to be on.
  • Be fearful when others are greedy and be greedy when others are fearful.
  • Buy and buy and buy little pieces of a wonderful group of American businesses, and you’ll do fine over time and you’ll keep your costs low. If you try to be a little bit smarter, you’ll probably end up being a lot dumber.
  • Price is what you pay. Value is what you get.
  • Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.
  • The most important thing to do if you find yourself in a hole is to stop digging.
  • Insanity consists of doing the same thing over and over again and expecting the same result.
  • Over the years, a number of very smart people have learned the hard way that a long stream of impressive numbers multiplied by a single zero always equals zero.
  • In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.
  • The market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks we invest in businesses.
  • You only find out who is swimming naked when the tide goes out.
  • In this case (the current U.S. credit crunch), Wall Street drank its own Kool-Aid.
  • If you buy a farm as an investment, do you sit there and watch the Farm Channel on television all day, as they tell you corn went up a penny or something like that? No. You buy the farm and figure it is a good investment over a period of time.
  • It is far better to buy a wonderful company at a fair price than a fair company at a wonderful price.



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