Quotes from buffett warren ii

Criticize by category -- praise by name.

We have tried occasionally to buy toads at bargain prices with results that have been chronicled in past reports. Clearly our kisses fell flat. We have done well with a couple of princes -- but they were princes when purchased. At least our kisses didn't turn them into toads. And, finally, we have occasionally been quite successful in purchasing fractional interests in easily-identifiable princes at toad-like prices.

Honesty is a very expensive gift; don't expect it from cheap people.

Buy into a company because you want to own it, not because you want the stock to go up.... People have been successful investors because they've stuck with successful companies. Sooner or later the market mirrors the business.

After 25 years of buying and supervising a great variety of businesses, Charlie and I have not learned how to solve difficult business problems. What we have learned is to avoid them.

Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway.

I wouldn't mind going to jail if I had three cellmates who played bridge.

Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.

It is not necessary to do extraordinary things to get extraordinary results.

You can't make a good deal with a bad person.

If you're in the luckiest 1 percent of humanity, you owe it to the rest of humanity to think about the other 99 percent.

We've 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.

The most important quality for an investor is temperament, not intellect.

People will always try to stop you doing the right thing if it is unconventional.

The asset I most value, aside from health, is interesting, diverse, and long-standing friends.