Warren Buffett says

“If you buy things you do not need, soon you will have to sell things you need.”

—Warren Buffett

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Quotes on Investing Warren Buffett on Investing

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“There is no tougher job in corporate America than running an airline: Despite the huge amounts of equity capital that have been injected into it, the industry, in aggregate, has posted a net loss since its birth after Kitty Hawk. Airline managers need brains, guts, and experience—and”

—Warren Buffett

“If you’re long-term oriented, customer interests and shareholder interests are aligned.”

“Stocks of companies selling commodity-like products should come with a warning label: “Competition may prove hazardous to human wealth.“”

—Warren Buffett

“Don't work for money, make money work for you.”

—Warren Buffett

“Charlie and I would follow a buy-and-hold policy even if we ran a tax-exempt institution.”

—Warren Buffett

“The only time to buy these is on a day with no 'y' in it.”

—Warren Buffett

“You know ... you keep doing the same things and you keep getting the same result over and over again.”

—Warren Buffett

“For these investors, it would have been far better if Orville had failed to get off the ground at Kitty Hawk: The more the industry has grown, the worse the disaster for owners.”

—Warren Buffett

“A small chance of distress or disgrace cannot, in our view, be offset by a large chance of extra returns.”

—Warren Buffett

“Our goal will be to acquire either part or all of businesses that we believe we understand, that have good, sustainable underlying economics, and that are run by managers whom we like, admire and trust.”

—Warren Buffett

“I am not a businessman, I am an artist”

—Warren Buffett

“For Buffett, managers are stewards of shareholder capital. The best managers think like owners in making business decisions.”

—Warren Buffett

“The year 2015 marks the fiftieth anniversary of Berkshire Hathaway under Warren Buffett's leadership, a milestone worth commemorating. The tenure sets a record”

—Warren Buffett

“Our favorite holding period is forever. We are just the opposite of those who hurry to sell and book profits when companies perform well but who tenaciously hang on to businesses that disappoint. Peter Lynch aptly likens such behavior to cutting the flowers and watering the weeds.”

—Warren Buffett

“Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”

—Warren Buffett