Warren Buffett says

“Loss of focus is what most worries Charlie and me when we contemplate investing in businesses that in general look outstanding. All too often, we’ve seen value stagnate in the presence of hubris or of boredom that caused the attention of managers to wander.”

—Warren Buffett

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Quotes on Investing Warren Buffett on Investing

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“If you buy things you don't need, soon you will have to sell things you need.”

—Warren Buffett

“The Great Bubble ended on March 10, 2000 (though we didn’t realize that fact until some months later). On that day, the NASDAQ (recently 1,731) hit its all-time high of 5,132. That same day, Berkshire shares traded at $40,800, their lowest price since mid-1997.”

—Warren Buffett

“What the wise man does in the beginning, the fool does in the end.”

—Warren Buffett

“I think that, every time you see the word EBITDA, you should substitute the words "bullshit earnings".”

—Charlie Munger

“Don’t ask the barber whether you need a haircut.”

—Warren Buffett

“Buy the dip.”

—Warren Buffett

“In the 54 years (Charlie Munger and I) have worked together, we have never forgone an attractive purchase because of the macro or political environment, or the views of other people. In fact, these subjects never come up when we make decisions.”

—Warren Buffett

“...not doing what we love in the name of greed is very poor management of our lives.”

—Warren Buffett

“The best investment you can make is in yourself.”

—Warren Buffett

“The rich invest in time, the poor invest in money.”

—Warren Buffett

“No business can continue to shrink. That can only go on for so long before irrelevancy sets in.”

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

—Warren Buffett

“In the business world, the rearview mirror is always clearer than the windshield.”

—Warren Buffett

“Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem.”

—Warren Buffett

“From this irritating reality comes The First Law of Corporate Survival for ambitious CEOs who pile on leverage and run large and unfathomable derivatives books: Modest incompetence simply won’t do; it’s mindboggling screw-ups that are required.”

—Warren Buffett