Warren Buffett's aphorisms (part 2)

  • Even if you are very talented and make a lot of effort, some results just take time: you won't get a baby in a month, even if you make nine women get pregnant.
  • Company executives have no capital allocation skills… Let me give you a slightly exaggerated comparison.: such leaders are like a gifted musician, whose career does not end at the Carnegie Hall stage, and in the chair of the chairman of the US Federal Reserve.
  • Success - when people love you. You know, We have an old Polish Holocaust survivor in Omaha. She survived because, that people were hiding her, Fed, cared, defended, risked their lives. They did it because, that she was loved. When people love you, this is the biggest success of your life.
  • Buy a business, do not rent shares (Buy a business, don’t rent stocks).
  • The main criterion for buying shares in a company is the company's competitiveness through 10 years.
  • Failure in the orientation of the company is what we fear the most..
  • The investor's task is to acquire a share of the company at a reasonable price, whose activities are understandable and whose income will increase significantly through 5-20 years.
  • If you are not going to own the stock 10 years, then there is no point in purchasing for 10 minutes.
  • I never try to make money on the stock exchange itself. I buy on the assumption, that they can close the exchange the next day and then not open it again for five years.
  • There is no formula for calculating the true value.. You just have to know that business well., in which you are going to buy a block of shares.
  • Most people take an interest in stocks during those periods., when many more do it. Meanwhile, the time to act comes at that moment, when no one else is doing it. You cannot buy that, what is popular, and still succeed.
  • The world's stupidest and most meaningless reason to buy stocks – this proceed from the fact, that it is rising.
  • Never invest in a business, in which you don't understand anything.
  • There are many different things, which I do not understand. But this is not a reason, to stay up at night. It just means, that the next day I will try myself in another business. This is what, What Every Investor Should Adhere to.
  • You won't be successful in investing, if you don't think independently. Are you right or wrong not because, that people agree or disagree with you. You are right then, when relying on the right facts or arguments.
  • If you have a choice, it's much more important to say no, than "yes".
  • Better to buy an amazing company at a decent price, than a decent company at an amazing price.
  • Better to be sure of a good result, than hope for an excellent.
  • Optimism is the enemy of the judicious buyer.
  • A common reason for low prices is pessimism. We do not do business in such an environment because of pessimism itself.. We just like the prices, which it forms. Successful investment opportunities appear, when prosperous companies unexpectedly find themselves in difficult situations, which leads to a drop in the value of their shares.
  • We don't care about the market downturn. For us and our investors in the long term, this is an opportunity to buy successful companies with excellent management at low prices.
  • Time is a friend of a successful business and an enemy of an underdeveloped one..
  • Short term market predictions are poison. They need to be kept closed in a safe place., away from children, as well as from adults, who behave in the market, as children.
  • Remember: the stock market is insane.
  • You should not enter the stock market until then., until you can watch your stock drop by 50% don't panic.
  • You can make great strides in inaction.. Many investors cannot resist the urge to constantly buy and sell.
  • Required 20 years, to build a reputation, And 5 minutes, to destroy it. You will treat things differently, if you think about it.
  Why Not All IPOs Are Identically Profitable? The most successful and unsuccessful placements of shares on the stock exchange
Scroll to Top