Warren Buffett 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.

• 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.

• 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

• 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

• Cuanto menor sea la prudencia con la que los demás conduzcan sus asuntos, mayor será la prudencia con la que debemos conducir los nuestros.

  Warren Buffett

  Insightful, Investing, Affair

• Muchas opciones sobre acciones en el mundo empresarial han funcionado exactamente así: han ganado valor simplemente porque la dirección retuvo beneficios, no porque hiciera bien con el capital que tenía en sus manos.

  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

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

  Warren Buffett

  Reflection, Investing, Earning

• 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

• Hace tiempo que pensamos que el único valor de los pronosticadores bursátiles es hacer quedar bien a los adivinos. Incluso ahora, Charlie y yo seguimos creyendo que las previsiones bursátiles a corto plazo son veneno y deben mantenerse bajo llave en un lugar seguro, lejos de los niños y también de los adultos que se comportan en el mercado como niños.

  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

• La alegoría de Ben sobre el Sr. Mercado puede parecer anticuada en el mundo de la inversión actual, en el que la mayoría de los profesionales y académicos hablan de mercados eficientes, cobertura dinámica y betas. Su interés por estas cuestiones es comprensible, ya que las técnicas rodeadas de misterio tienen un claro valor para el proveedor de consejos de inversión. Después de todo, ¿qué brujo ha alcanzado fama y fortuna simplemente aconsejando "Tómese dos aspirinas"?

  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.

• In our view, though, investment students need only two well-taught courses-How to Value a Business, and How to Think about Market Prices. Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business who's earnings are virtually certain to be materially higher five, ten and twenty years from now.

  Warren Buffett

  Thinking, Two, Views

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

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

  Warren Buffett

  Cash, Produce, Values

• And people really behaved in a fraudulent way or something, we'll go back and find the culprits later on. But that really isn't the problem we have. I mean that's where it came from, though. We leveraged up and if you have a 20 percent fall in value of a $20 trillion asset, that's $4 trillion. And when $4 trillion lands - losses land in the wrong part of this economy, it can gum up the whole place.

  Warren Buffett

  Fall, Mean, Loss

  "Warren Buffett: No he visto tanto miedo económico en mi vida adulta". "Charlie Rose", www.cnbc.com. 1 de octubre de 2008.

• An argument is made that there are just too many question marks about the near future; wouldn't it be better to wait until things clear up a bit? You know the prose: "Maintain buying reserves until current uncertainties are resolved," etc. Before reaching for that crutch, face up to two unpleasant facts: The future is never clear and you pay a very high price for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.

  Warren Buffett

  Two, Long, Waiting

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