Quotes from Warren Buffett

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.

Value is what you get.

Enjoy your work and work for whom you admire.

In the search [of a deal], we adopt the same attitude one might find appropriate in looking for a spouse: It pays to be active, interested, and open-minded, but it does not pay to be in a hurry.

Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.

Well, it may be all right in practice, but it will never work in theory

This economy doesn't work well without the lubrication of credit and trust.

To be successful, look for the job you will take if you don't need a job

The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn.

The Happiest people DO NOT necessarily have the BEST THINGS. They simply APPRECIATE the things they have.

Investing in yourself is the best thing you can do. If you've got talents, no one can take them from you.

The best thing I did was choose the right heroes.

The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.

Price is what you pay. Value is what you get.

Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.

Never depend on single income. Make investment to create a second source.

Accounting is the language of business.

Never invest in a business you can't understand

In business, I look for economic castles protected by unbreachable 'moats'.

I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.

Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

Ignore the stock market, ignore the economy, and buy a business you understand.

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

The reaction of weak management to weak operations is often weak accounting.