Warren Buffett Quotes About Values

Quotes about: Values

• I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to develop that talent, and set up the laws and the finanical system to let me do what I love doing-and make a lot of money doing it. The least I can do is help pay for all that.

  Warren Buffett

  Law, Pay, Lucky

  "The Audacity of Hope: Thoughts on Reclaiming the American Dream". Book by Barack Obama, www.newyorker.com. 2006.

• Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.

  Warren Buffett

  Life, Long, Generosity

  "My Philanthropic Pledge" at the The Giving Pledge, 2010.

• The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper money (of whose value, as noted, they are right to be fearful). Gold, however, has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end.

  Warren Buffett

  Two, Gold, Use

  "Berkshire’s Corporate Performance vs. the S&P 500". www.berkshirehathaway.com. 2012.

• Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices

  Warren Buffett

  Thinking, Two, Needs

  Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.160, John Wiley & Sons

• We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.

  Warren Buffett

  Long, Waiting, Insightful

  "Wait: The Art and Science of Delay". Book by Frank Partnoy, 2012.

• Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life. The calculation of intrinsic value, though, is not so simple. As our definition suggests, intrinsic value is an estimate rather than a precise figure, and it is additionally an estimate that must be changed if interest rates move or forecasts of future cash flows are revised.

  Warren Buffett

  Moving, Taken, Simple

  Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.220, John Wiley & Sons

• Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.

  Warren Buffett

  Needs, Investing, May

  "7 Warren Buffett Quotes For Active Investors". www.seeitmarket.com. November 26, 2014.

• The greater the potential for reward in the value portfolio, the less risk there is.

  Warren Buffett

  Risk, Rewards, Portfolios

  Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.231, John Wiley & Sons

• The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.

  Warren Buffett

  Business, Insightful, Causes

  Chairman's Letter to the Shareholders of Berkshire Hathaway Inc., www.berkshirehathaway.com. 1990.

• You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.

  Warren Buffett

  Investing Your Time, Causes, Common

• You could take all the gold that's ever been mined, and it would fill a cube 67 feet in each direction. For what that's worth at current gold prices, you could buy all -- not some -- all of the farmland in the United States. Plus, you could buy 10 Exxon Mobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?

  Warren Buffett

  Feet, Gold, Cubes

• The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.

  Warren Buffett

  Insightful, Investing, Affair

• Calculate "owner earnings" to get a true reflection of value.

  Warren Buffett

  Reflection, Investing, Earning

• Many stock options in the corporate world have worked in exactly that fashion: they have gained in value simply because management retained earnings, not because it did well with the capital in its hands.

  Warren Buffett

  Fashion, Hands, World

  Lawrence A. Cunningham, Warren E. Buffett (2013). “The Essays of Warren Buffett: Lessons for Corporate America (Third Edition)”, p.48, Carolina Academic Press

• To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact, be better off knowing nothing of these. That, of course, is not the prevailing view at most business schools, whose finance curriculum tends to be dominated by such subjects. In our view, though, investment students need only two well-taught courses - How to Value a Business, and How to Think About Market Prices.

  Warren Buffett

  Business, School, Thinking

  Richard J. Connors, Warren Buffett (2010). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.152, John Wiley & Sons

• If you know how to value businesses, it's crazy to own 50 stocks or 40 stocks or 30 stocks, probably because there aren't that many wonderful businesses understandable to a single human being in all likelihood. To forego buying more of some super-wonderful business and instead put your money into #30 or #35 on your list of attractiveness just strikes Charlie and me as madness.

  Warren Buffett

  Crazy, Investing, Buying

• The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.

  Warren Buffett

  Business, Long, Giving

• 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.

  Warren Buffett

  Children, Believe, Long

  Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.165, John Wiley & Sons

• Growth and value investing are joined at the hip.

  Warren Buffett

  Growth, Investing, Hips

• Ben's Mr. Market allegory may seem out-of-date in today's investment world, in which most professionals and academicians talk of efficient markets, dynamic hedging and betas. Their interest in such matters is understandable, since techniques shrouded in mystery clearly have value to the purveyor of investment advice. After all, what witch doctor has ever achieved fame and fortune by simply advising 'Take two aspirins'?

  Warren Buffett

  Doctors, Two, Advice

  Chairman's Letter to the Shareholders of Berkshire Hathaway Inc., www.berkshirehathaway.com. 1987.

• 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.

  Warren Buffett

  Long, People, Cash

  "Buy American. I Am" by Warren Buffett, www.nytimes.com. October 16, 2008.

• Investors should remember that their scorecard is not computed using Olympic-diving methods: Degree-of-difficulty doesn't count. If you are right about a business whose value is largely dependent on a single key factor that is both easy to understand and enduring, the payoff is the same as if you had correctly analyzed an investment alternative characterized by many constantly shifting and complex variables.

  Warren Buffett

  Keys, Degrees, Alternatives

  Letter To the Shareholders of Berkshire Hathaway Inc., www.berkshirehathaway.com. March 7, 1995.

• 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

• I make no effort to predict the course of general business or the stock market. Period. However, currently there are practices snowballing in the security markets and business world which, while devoid of short term predictive value, bother me as to possible long term consequences.

  Warren Buffett

  Practice, Long, Effort

• If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.

  Warren Buffett

  Thinking, Years, Together

  Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.160, John Wiley & Sons

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