Quotes from Warren Buffett

I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.

There is no perfect mathematical formula for pricing a business.

It's us fun being a horse when the tractor comes along, or the blacksmith when the car comes along.

If you are a professional and have confidence, then I would advocate lots of concentration.

I think confidence will come back.

I lose confidence in other people, all kinds of institutions.

I checked the actuarial tables, and the lowest death rate is among six-year-olds. So I decided to eat like a six-year-old.

Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.

The best education you can get is investing in yourself, and that doesn't mean college or university.

Risk comes from not knowing what you're doing

Only when you combine sound intellect with emotional discipline do you get rational behavior.

Intensity is the price of excellence.

Be fearful when there is greed and be greedy when there is fear.

The fact that people will be full of greed, fear, or folly is predictable. The sequence is not predictable.

Be Fearful When Others Are Greedy and Greedy When Others Are Fearful

There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.

You only have to do a very few things right in your life so long as you don't do too many things wrong.

You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.

A fool and his money are soon invited everywhere.

I don't read economic forecasts. I don't read the funny papers.

The value of a business is the cash it's going to produce in the future.

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.