Warren Buffet Quotes

  • You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.
  • We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.
  • When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.
  • Wide diversification is only required when investors do not understand what they are doing.
  • Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
  • Never invest in a business you cannot understand.
  • Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.
  • Why not invest your assets in the companies you really like? As Mae West said, “Too much of a good thing can be wonderful”.
  • (When speaking of managers and executive compensation) The .350 hitter expects, and also deserves, a big payoff for his performance – even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward – even if he plays for a pennant winner.
  • The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.
  • Risk can be greatly reduced by concentrating on only a few holdings.
  • Stop trying to predict the direction of the stock market, the economy, interest rates, or elections.
  • 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.
  • Buy companies with strong histories of profitability and with a dominant business franchise.
  • Be fearful when others are greedy and greedy only when others are fearful.
  • It is optimism that is the enemy of the rational buyer.
  • As far as you are concerned, the stock market does not exist. Ignore it.
  • The ability to say “no” is a tremendous advantage for an investor.
  • Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
  • Lethargy, bordering on sloth should remain the cornerstone of an investment style.
  • An investor should act as though he had a lifetime decision card with just twenty punches on it.
  • Wild swings in share prices have more to do with the “lemming- like” behaviour of institutional investors than with the aggregate returns of the company they own.
  • As a group, lemmings have a rotten image, but no individual lemming has ever received bad press.
  • An investor needs to do very few things right as long as he or she avoids big mistakes.
  • “Turn-arounds” seldom turn.
  • Is management rational?
  • Is management candid with the shareholders?
  • Does management resist the institutional imperative?
  • Do not take yearly results too seriously. Instead, focus on four or five-year averages.
  • Focus on return on equity, not earnings per share.
  • Calculate “owner earnings” to get a true reflection of value.
  • Look for companies with high profit margins.
  • Growth and value investing are joined at the hip.
  • The advice “you never go broke taking a profit” is foolish.
  • It is more important to say “no” to an opportunity, than to say “yes”.
  • Always invest for the long term.
  • Does the business have favourable long term prospects?
  • It is not necessary to do extraordinary things to get extraordinary results.
  • Remember that the stock market is manic-depressive.
  • Buy a business, don’t rent stocks.
  • Does the business have a consistent operating history?
  • 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.

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Suze Orman Quotes

  • A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.
  • I think they’ve been baby bummers.
  • If you have debt I’m willing to bet that general clutter is a problem for you too.
  • In all realms of life it takes courage to stretch your limits, express your power, and fulfill your potential… it’s no different in the financial realm.
  • Many people are in the dark when it comes to money, and I’m going to turn on the lights.
  • Opposites may attract, but I wouldn’t put my money on a relationship of financial opposites.
  • Owning a home is a keystone of wealth… both financial affluence and emotional security.
  • People first, then money, then things.
  • They got married, they got divorced, and half their money goes out the window.
  • We never had it as rough as the kids have it today. Look at the price of a gallon of gas or a piece of real estate or a college education.
  • People first, then money, then things.
  • A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.
  • Owning a home is a keystone of wealth.. both financial affluence and emotional security.
  • In all realms of life it takes courage to stretch your limits, express your power, and fulfill your potential.. it’s no different in the financial realm.
  • The truth is women in the workplace don’t have to fight nearly as hard for opportunities, or to dispel stereotypes, as they did before.
  • If the boss is a jerk, get over it. First of all, don’t you think there’s a good chance that your boss’s boss knows what’s going on? If so, just keep your head down and do the work. Usually, if you put in maximum effort and produce excellent results, someone in the company is going to take notice. Either you will get promoted or your jerky boss will get the heave-ho. It happens all the time.
  • I’m in a relationship with life. My life is just out there. I’m on the road every day. I love my life.
  • After you marry, every asset either of you acquires is jointly held. That’s why you both need to be in sync on your long-term financial goals, from paying off the mortgage to putting away for retirement. Ideally, you should talk about all this before you wed. If you don’t, you can end up deeply frustrated and financially spent.

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Random Quotes

Money is better than poverty, if only for financial reasons.
Woody Allen

Money is only loaned to a man. He comes into the world with nothing and he leaves with nothing.
William Crapo Durant
Founder of General Motors and Chevrolet.

Wine maketh merry: but money answereth all things.
Ecclesiastes, 10. 19.

Too many of us look upon Americans as dollar chasers. This is a cruel libel, even if it is reiterated thoughtlessly by the Americans themselves.
Albert Einstein

Goddam money. It always ends up making you blue as hell.
J. D. Salinger
The Catcher in the Rye.

Money can’t buy you happiness but it does bring you a more pleasant form of misery.
Spike Milligan

Money couldn’t buy friends, but you got a better class of enemy.
Spike Milligan

The love of money is the root of all evil.
1 Timothy, 6. 10.

Lack of money is the root of all evil.
George Bernard Shaw

No one can earn a million dollars honestly.
William Jennings Bryan

Let us not be satisfied with just giving money. Money is not enough, money can be got, but they need your hearts to love them. So, spread your love everywhere you go.
Mother Teresa

When you don’t have any money, the problem is food. When you have money, it’s sex. When you have both, it’s health. If everything is simply jake, then you’re frightened of death.
J. P. Donleavy
From novel The Ginger Man.

In this country, you gotta make the money first. Then when you get the money, you get the power. Then when you get the power, then you get the women.
Tony Montana
From movie Scarface.

There’s no money in poetry, but then there’s no poetry in money, either.
Robert Graves

Time is money.
Benjamin Franklin

A rich man is nothing but a poor man with money.
W. C. Fields

I don’t like money, actually, but it quiets my nerves.
Joe Lewis

You can be young without money but you can’t be old without it.
Tennessee Williams
From play Cat On a Hot Tin Roof.

A fool and his money are easily parted.

Don’t stay in bed, unless you can make money in bed.
George Burns

Money makes the world go round.
John Kander, Fred Ebb
Line from song Money, Money – from musical Cabaret.

Money can’t buy me love.
Paul McCarthney
From Beatles song Can’t Buy Me Love.

The big difference between sex for money and sex for free is that sex for money usually costs a lot less.
Brendan Behan

The more I see of the moneyed classes, the more I understand the guillotine.
George Bernard Shaw

What’s the use of happiness? It can’t buy you money.
Henny Youngman

When I was young I used to think that money was the most important thing in life. Now that I am old, I know it is.
Oscar Wilde

Well, whiles I am a beggar, I will rail,
And say there is no sin, but to be rich;
And being rich, my virtue then shall be,
To say there is no vice, but beggary.
William Shakespeare

Bad money shouldn’t be burned. It should be transformed.
Bishop Ramon Godinez
Mexican bishop saying he accepted donations from drug-dealers.

Remember that credit is money
Benjamin Franklin

Money is a poor man’s credit card.
Marshal McLuhan

The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented. Banking was conceived in inequity and born in sin… But if you want to continue to be slaves of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit.
Josiah Charles Stamp

No man’s credit is ever as good as his money.
Edgar Watson Howe

He that is of the opinion money will do everything may well be suspected of doing everything for money.
Benjamin Franklin

If you would be wealthy, think of saving as well as getting.
Benjamin Franklin

Who is rich? He that is content. Who is that? Nobody.
Benjamin Franklin

Riches may enable us to confer favors, but to confer them with propriety and grace requires a something that riches cannot give.
Charles Caleb Colton

Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.
Charles Dickens
David Copperfield.

If all the rich people in the world divided up their money among themselves there wouldn’t be enough to go around.
Christina Stead
House of All Nations.

Endless money forms the sinews of war.

Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.
Donald Trump
Trump: Art of the Deal.

If you want to know what God thinks of money, just look at the people he gave it to.
Dorothy Parker

Money is the sinew of love as well as war.
Thomas Fuller

I’m living so far beyond my income that we may almost be said to be living apart.
e e cummings

The only way not to think about money is to have a great deal of it.
Edith Wharton

Save a little money each month and at the end of the year you’ll be surprised at how little you have.
Ernest Haskins

My problem lies in reconciling my gross habits with my net income.
Errol Flynn

The mint makes it first, it is up to you to make it last.
Evan Esar

The rich are the scum of the earth in every country.
G. K. Chesterton
Flying Inn.

One must be poor to know the luxury of giving.
George Eliot

Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy.
Groucho Marx

The chief value of money lies in the fact that one lives in a world in which it is overestimated.
H. L. Mencken

Make money your god and it will plague you like the devil.
Henry Fielding

Make money, money by fair means if you can, if not, but any means money.

If you can count your money, you don’t have a billion dollars.
J. Paul Getty

I have enough money to last me the rest of my life, unless I buy something.
Jackie Mason

A large income is the best recipe for happiness I ever heard of.
Jane Austen
Mansfield Park.

A wise man should have money in his head, but not in his heart.
Jonathan Swift

Do not be fooled into believing that because a man is rich he is necessarily smart. There is ample proof to the contrary.
Julius Rosenwald

Be rich to yourself and poor to your friends.

It is not easy for men to rise whose qualities are thwarted by poverty.

The easiest way for your children to learn about money is for you not to have any.
Katharine Whitehorn

Lack of money is no obstacle. Lack of an idea is an obstacle.
Ken Hakuta

It is pretty hard to tell what does bring happiness; poverty and wealth have both failed.
Kin Hubbard

The safest way to double your money is to fold it over once and put it in your pocket.
Kin Hubbard

Money can’t buy happiness, but neither can poverty.
Leo Rosten

No matter how rich you become, how famous or powerful, when you die the size of your funeral will still pretty much depend on the weather.
Michael Pritchard

The more you chase money, the harder it is to catch it.
Mike Tatum
Cashing In or Selling Out.

It is better to have a permanent income than to be fascinating.
Oscar Wilde
The Model Millionaire.

Wealth is the parent of luxury and indolence, and poverty of meanness and viciousness, and both of discontent.
The Republic.

Money alone sets all the world in motion.
Publilius Syrus

Someday I want to be rich. Some people get so rich they lose all respect for humanity. That’s how rich I want to be.
Rita Rudner

Finance is the art of passing money from hand to hand until it finally disappears.
Robert W. Sarnoff

It has been said that the love of money is the root of all evil. The want of money is so quite as truly.
Samuel Butler

Money: There’s nothing in the world so demoralizing as money.

Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.
Sam Ewing

I choose the likely man in preference to the rich man; I want a man without money rather than money without a man.
From Plutarch, Lives.

Never spend your money before you have it.
Thomas Jefferson

He had heard people speak contemptuously of money: he wondered if they had ever tried to do without it.
W. Somerset Maugham
Of Human Bondage.

Be you in what line of life you may, it will be amongst your misfortunes if you have not time properly to attend to pecuniary [monetary] matters. Want of attention to these matters has impeded the progress of science and of genius itself.
William Cobbett


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