Quotes from Warren Buffett

An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.

Personally, I really hope I can treat everyone equally. I think I have done a pretty good job so far but I know I can do it better.

If I got any good ideas out of that or I think they're good ideas, I'll be glad to contribute them but the system will probably overdo some other things.

If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.

I think the FDIC was one of the great inventions of the American.

Don't invest in pieces of papers (stocks), invest in great businesses underlying them

The secret to happiness is having low expectations.

Energy deregulation will be the largest transfer of wealth in history.

If knowing history made you rich, librarians would be billionaires.

The Fed is the greatest hedge fund in history.

If I knew where I was going to want to live the next five or 10 years I would buy a home and I'd finance it with a 30-year mortgage... It's a terrific deal.

When bills come due, only cash is legal tender. Don't leave home without it.

We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion - 20 trillion, I should say, worth of residential homes.

Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation

You don't ever ask a barber whether you need a haircut.

Just do it! First you make your habits, then your habits make you!

I buy expensive suits - they just look cheap on me.

The difference between successful people and very successful people is that very successful people say "no" to almost everything.

The dominant factors affecting control valuations are earning power (past and prospective) and asset values.

The power of unconditional love. I mean, there is no power on earth like unconditional love.

The single most important decision in evaluating a business is pricing power.

If you own the only newspaper in town, up until the last five years or so, you have pricing power and you didn't have to go to the office.

Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two.

If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.