Investing Quotes - Page 29

I get to do what I like to do every single day of the year.

Our approach is very much profiting from lack of change rather than from change.

A hyperactive stock market is the pickpocket of enterprise.

Valuing a business is part art and part science.

The advice "you never go broke taking a profit" is foolish.

Cash never makes us happy, but it's better to have the money burning a hole in Berkshire's pocket than resting comfortably in someone else's.

Long ago, Ben Graham taught me that "Price is what you pay; value is what you get." Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.

Our policy is to concentrate holdings. We try to avoid buying a little of this or that when we are only lukewarm about the business or its price. When we are convinced as to attractiveness, we believe in buying worthwhile amounts.

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

Remember that the stock market is manic-depressive.

I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that ...I'm paying $32 billion today for the Coca Cola Company because... If you can't answer that question, you shouldn't buy it. If you can answer that question, and you do it a few times, you'll make a lot of money.

The important thing is to keep playing, to play against weak opponents and to play for big stakes.

Always invest for the long term.

Inactivity strikes us as intelligent behavior.

One has to know more about a company if one buys earnings.

Try to establish the value of a company.

All the publicity about value investing - it's become a very popular thing.

Warren is a very good judge of people and he's a very good judge of businesses.

I was in Graham's office the day he bought GEICO. Warren owns one-third of the stock today.

You know, people tend to like to buy companies that are doing well.

Ben's emphasis was on protecting his expectation of profit with minimum risk.

My job was to find stocks that were undervalued.

You realise the responsibility of carrying a film on your shoulders when people are investing money in you and they recognise the hard work you have to put in.

When government 'creates jobs' by taking money from the private sector and 'investing' in favored projects, it is not truly productive activity. Rather, the government has preempted the economic process, forbidding it to serve consumers so that it can instead serve the objectives of politicians and bureaucrats.

Generally, the greater the stigma or revulsion, the better the bargain.