Warren Buffett Quotes About Books

Quotes about: Books

• There are a few investment managers, of course, who are very good - though in the short run, it's difficult to determine whether a great record is due to luck or talent. Most advisors, however, are far better at generating high fees than they are at generating high returns. In truth, their core competence is salesmanship. Rather than listen to their siren songs, investors - large and small - should instead read Jack Bogle's The Little Book of Common Sense Investing.

  Warren Buffett

  Running, Song, Book

• If book knowledge made great investors, than the librarians would all be rich.

  Warren Buffett

  Book, Rich, Librarian

• I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice.
  You need to fill your mind with various competing thoughts and decide which make sense.

  Warren Buffett

  Book, Thinking, Mind

  "BRK Annual Meeting 2007 Tilson Notes". Buffett FAQ, buffettfaq.com. 2007.

• At age 19, I read a book [The Intelligent Investor] and what I'm doing today, at age 76, is running things through the same thought process I learned from the book I read at 19.

  Warren Buffett

  Running, Book, Intelligent

  "BRK Annual Meeting 2007 Tilson Notes". Buffett FAQ, buffettfaq.com. 1998.

• We try to exert a Ted Williams kind of discipline. In his book The Science of Hitting, Ted explains that he carved the strike zone into 77 cells, each the size of a baseball. Swinging only at balls in his "best" cell, he knew, would allow him to bat .400; reaching for balls in his "worst" spot, the low outside corner of the strike zone, would reduce him to .230. In other words, waiting for the fat pitch would mean a trip to the Hall of Fame; swinging indiscriminately would mean a ticket to the minors.

  Warren Buffett

  Baseball, Book, Mean

• Mark Zuckerberg will be a hero to many young entrepreneurs 20 years from now. Bill Gates will be a hero to others, and they will look to those [people] like I read books when I was in my teens about Rockefeller or Carnegie.

  Warren Buffett

  Book, Hero, Young Entrepreneurs

• At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgments made by a risk committee or chief risk officer.

  Warren Buffett

  Book, Risk, Faults

• In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.

  Warren Buffett

  Book, Years, Percentages

  Richard J. Connors, Warren Buffett (2010). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.220, John Wiley & Sons

• If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.

  Warren Buffett

  Book, World, Derivatives

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.

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