photo of Warren BuffettPhoto Credit: WikiMedia Commons
quote by Warren Buffett: We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist. with background image: photo of author Warren Buffett with quote

We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.

--Warren Buffett
quote by Warren Buffett: This economy doesn't work well without the lubrication of credit and trust. with background image: photo of author Warren Buffett with quote

This economy doesn't work well without the lubrication of credit and trust.

--Warren Buffett


quote by Warren Buffett: 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. with background image: photo of author Warren Buffett with quote

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.

--Warren Buffett
quote by Warren Buffett: I measure success by how many people love me. And the best way to be loved is to be lo veable. with background image: photo of author Warren Buffett with quote

I measure success by how many people love me. And the best way to be loved is to be lo veable.

--Warren Buffett

quote by Warren Buffett: I want to be able to explain my mistakes. This means I do only the things I completely understand. with background image: photo of author Warren Buffett with quote

I want to be able to explain my mistakes. This means I do only the things I completely understand.

--Warren Buffett


quote by Warren Buffett: The plan itself is opportunism. There is no plan before that. with background image: photo of author Warren Buffett with quote

The plan itself is opportunism. There is no plan before that.

--Warren Buffett
quote by Warren Buffett: He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there. with background image: photo of author Warren Buffett with quote

He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there.

--Warren Buffett
quote by Warren Buffett: When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience. with background image: photo of author Warren Buffett with quote

When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience.

--Warren Buffett




quote by Warren Buffett: If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio. with background image: photo of author Warren Buffett with quote

If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.

--Warren Buffett
quote by Warren Buffett: If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter. with background image: photo of author Warren Buffett with quote

If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter.

--Warren Buffett

quote by Warren Buffett: Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn't do any good to look at the cards. with background image: photo of author Warren Buffett with quote

Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn't do any good to look at the cards.

--Warren Buffett
quote by Warren Buffett: You do not adequately protect yourself by being half awake when other are sleeping. with background image: photo of author Warren Buffett with quote

You do not adequately protect yourself by being half awake when other are sleeping.

--Warren Buffett

quote by Warren Buffett: What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth -- for a while. with background image: photo of author Warren Buffett with quote

What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth -- for a while.

--Warren Buffett

Longer Version:

What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As 'bandwagon' investors join any party, they create their own truth -- for a while.



quote by Warren Buffett: I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection. with background image: photo of author Warren Buffett with quote

I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.

--Warren Buffett
quote by Warren Buffett: We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion -- 20 trillion, I should say, worth of residential homes. with background image: photo of author Warren Buffett with quote

We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion -- 20 trillion, I should say, worth of residential homes.

--Warren Buffett
quote by Warren Buffett: I think it will get moving faster. I mean once you get it off the -- once credit flows -- now the recession is going to get worse. with background image: photo of author Warren Buffett with quote

I think it will get moving faster. I mean once you get it off the -- once credit flows -- now the recession is going to get worse.

--Warren Buffett
quote by Warren Buffett: I am not worried about the country. I'm just worried about anything that gums up the potential of the country. And right now, it's pretty gummed up. with background image: photo of author Warren Buffett with quote

I am not worried about the country. I'm just worried about anything that gums up the potential of the country. And right now, it's pretty gummed up.

--Warren Buffett
quote by Warren Buffett: It's the deleveraging that's going on right now that has caused the credit crisis. with background image: photo of author Warren Buffett with quote

It's the deleveraging that's going on right now that has caused the credit crisis.

--Warren Buffett
quote by Warren Buffett: It is not necessary to do extraordinary things to get extraordinary results. with background image: photo of author Warren Buffett with quote

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

--Warren Buffett

quote by Warren Buffett: I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age? with background image: photo of author Warren Buffett with quote

I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?

--Warren Buffett
quote by Warren Buffett: Time is your friend, impulse is your enemy. Take advantage of compound interest and don't be captivated by the siren song of the market. with background image: photo of author Warren Buffett with quote

Time is your friend, impulse is your enemy. Take advantage of compound interest and don't be captivated by the siren song of the market.

--Warren Buffett
quote by Warren Buffett: 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. with background image: photo of author Warren Buffett with quote

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.

--Warren Buffett
quote by Warren Buffett: An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business. with background image: photo of author Warren Buffett with quote

An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.

--Warren Buffett
quote by Warren Buffett: You should look at stocks as small pieces of business. with background image: photo of author Warren Buffett with quote

You should look at stocks as small pieces of business.

--Warren Buffett
quote by Warren Buffett: In the insurance business, there is no statute of limitation on stupidity. with background image: photo of author Warren Buffett with quote

In the insurance business, there is no statute of limitation on stupidity.

--Warren Buffett


quote by Warren Buffett: Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing. with background image: photo of author Warren Buffett with quote

Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.

--Warren Buffett
quote by Warren Buffett: People will always try to stop you from doing the right thing if it is unconventional. with background image: photo of author Warren Buffett with quote

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

--Warren Buffett

quote by Warren Buffett: An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace. with background image: photo of author Warren Buffett with quote

An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.

--Warren Buffett

quote by Warren Buffett: It's us fun being a horse when the tractor comes along, or the blacksmith when the car comes along. with background image: photo of author Warren Buffett with quote

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

--Warren Buffett





quote by Warren Buffett: In an inflationary world, a toll bridge (like company) would be a great thing to own because you've laid out the capital costs. You built it in old dollars and you don't have to keep replacing it. with background image: photo of author Warren Buffett with quote

In an inflationary world, a toll bridge (like company) would be a great thing to own because you've laid out the capital costs. You built it in old dollars and you don't have to keep replacing it.

--Warren Buffett


quote by Warren Buffett: Banking is very good business if you don't do anything dumb. with background image: photo of author Warren Buffett with quote

Banking is very good business if you don't do anything dumb.

--Warren Buffett
quote by Warren Buffett: If you don't make mistakes you can't make decisions. with background image: photo of author Warren Buffett with quote

If you don't make mistakes you can't make decisions.

--Warren Buffett
quote by Warren Buffett: In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal. with background image: photo of author Warren Buffett with quote

In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.

--Warren Buffett


quote by Warren Buffett: There's no use running if you're on the wrong road. with background image: photo of author Warren Buffett with quote

There's no use running if you're on the wrong road.

--Warren Buffett
quote by Warren Buffett: Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble. with background image: photo of author Warren Buffett with quote

Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.

--Warren Buffett
quote by Warren Buffett: I mean, if Pearl Harbor came along, you could have said the planning was wrong by the military ahead of time or maybe the battleships shouldn't have all been in the harbor and all that kind of thing. with background image: photo of author Warren Buffett with quote

I mean, if Pearl Harbor came along, you could have said the planning was wrong by the military ahead of time or maybe the battleships shouldn't have all been in the harbor and all that kind of thing.

--Warren Buffett
quote by Warren Buffett: You pay a very high price in the stock market for a cheery consensus. with background image: photo of author Warren Buffett with quote

You pay a very high price in the stock market for a cheery consensus.

--Warren Buffett
quote by Warren Buffett: Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant. with background image: photo of author Warren Buffett with quote

Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.

--Warren Buffett
quote by Warren Buffett: If you have a harem of 40 women, you never get to know any of them very well. with background image: photo of author Warren Buffett with quote

If you have a harem of 40 women, you never get to know any of them very well.

--Warren Buffett
quote by Warren Buffett: Buy stocks like you buy your groceries, not like you buy your perfume. with background image: photo of author Warren Buffett with quote

Buy stocks like you buy your groceries, not like you buy your perfume.

--Warren Buffett
quote by Warren Buffett: Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom. with background image: photo of author Warren Buffett with quote

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

--Warren Buffett
quote by Warren Buffett: I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter. with background image: photo of author Warren Buffett with quote

I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter.

--Warren Buffett
quote by Warren Buffett: We've seen what can be accomplished when we use 50% of our human capacity. If you visualize what 100% can do, you'll join me as an unbridled optimist about America's future. with background image: photo of author Warren Buffett with quote

We've seen what can be accomplished when we use 50% of our human capacity. If you visualize what 100% can do, you'll join me as an unbridled optimist about America's future.

--Warren Buffett
quote by Warren Buffett: The secret to happiness is having low expectations. with background image: photo of author Warren Buffett with quote

The secret to happiness is having low expectations.

--Warren Buffett



quote by Warren Buffett: I mean, you may be very mad at some guy that walked away with a huge golden parachute, but that really isn't the important thing. with background image: photo of author Warren Buffett with quote

I mean, you may be very mad at some guy that walked away with a huge golden parachute, but that really isn't the important thing.

--Warren Buffett
quote by Warren Buffett: In my view, the trade deficit will create political turmoil at some point...Pretty soon, I think there will be a big adjustment. with background image: photo of author Warren Buffett with quote

In my view, the trade deficit will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.

--Warren Buffett

quote by Warren Buffett: There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots. with background image: photo of author Warren Buffett with quote

There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.

--Warren Buffett
quote by Warren Buffett: OUR leaders have asked for shared sacrifice. But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched. with background image: photo of author Warren Buffett with quote

OUR leaders have asked for shared sacrifice. But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

--Warren Buffett
quote by Warren Buffett: I think I could make you fifty percent a year on one million dollars. No, I know I could. I guarantee that. with background image: photo of author Warren Buffett with quote

I think I could make you fifty percent a year on one million dollars. No, I know I could. I guarantee that.

--Warren Buffett
quote by Warren Buffett: What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact. with background image: photo of author Warren Buffett with quote

What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.

--Warren Buffett

quote by Warren Buffett: We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.' with background image: photo of author Warren Buffett with quote

We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'

--Warren Buffett


quote by Warren Buffett: You're dealing with a lot of silly people in the marketplace; it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be OK. with background image: photo of author Warren Buffett with quote

You're dealing with a lot of silly people in the marketplace; it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be OK.

--Warren Buffett

quote by Warren Buffett: It's a big mistake to try and mislead people. They will turn around. with background image: photo of author Warren Buffett with quote

It's a big mistake to try and mislead people. They will turn around.

--Warren Buffett



quote by Warren Buffett: When forced to choose, I will not trade even a night's sleep for the chance of extra profits. with background image: photo of author Warren Buffett with quote

When forced to choose, I will not trade even a night's sleep for the chance of extra profits.

--Warren Buffett
quote by Warren Buffett: The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it. with background image: photo of author Warren Buffett with quote

The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.

--Warren Buffett


quote by Warren Buffett: I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say. with background image: photo of author Warren Buffett with quote

I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say.

--Warren Buffett
quote by Warren Buffett: The latter qualification brings to mind a fellow who applied for a job and stated he had twenty years of experience-which was corrected by a former employer to read one year's experience-twenty times. with background image: photo of author Warren Buffett with quote

The latter qualification brings to mind a fellow who applied for a job and stated he had twenty years of experience-which was corrected by a former employer to read one year's experience-twenty times.

--Warren Buffett
quote by Warren Buffett: Buy companies with strong histories of profitability and with a dominant business franchise. with background image: photo of author Warren Buffett with quote

Buy companies with strong histories of profitability and with a dominant business franchise.

--Warren Buffett
quote by Warren Buffett: When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever. with background image: photo of author Warren Buffett with quote

When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.

--Warren Buffett
quote by Warren Buffett: The nature of democracy is such that when there's -- there'll be revulsion, obviously, towards -- that's never going to happen again. with background image: photo of author Warren Buffett with quote

The nature of democracy is such that when there's -- there'll be revulsion, obviously, towards -- that's never going to happen again.

--Warren Buffett
quote by Warren Buffett: The single most important decision in evaluating a business is pricing power. with background image: photo of author Warren Buffett with quote

The single most important decision in evaluating a business is pricing power.

--Warren Buffett

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