Warren Buffett: ...not doing what we love in the name of greed is very poor management of our lives.

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

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

—Warren Buffett

“It is better to be approximately right than precisely wrong.”

—Warren Buffett

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

—Jeff Bezos

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

—Warren Buffett

“We both insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think. So Warren and I do more reading and thinking and less doing than most people in business.”

—Charlie Munger

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

—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

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

—Warren Buffett

“We trade real estate for technology (which gets cheaper and more capable every year).”

—Jeff Bezos

“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

“We will make bold rather than timid investment decisions where we see a sufficient probability of gaining market leadership advantages.”

—Jeff Bezos

“Some time ago Ken Galbraith, in his witty and insightful The Great Crash, coined a new economic term: “the bezzle,” defined as the current amount of undiscovered embezzlement. This financial creature has a magical quality: The embezzlers are richer by the amount of the bezzle, while the embezzlees do not yet feel poorer.”

—Warren Buffett

“A good business is not always a good purchase - although it's a good place to look for one.”

—Warren Buffett

“Despite our policy of candor, we will discuss our activities in marketable securities only to the extent legally required. Good investment ideas are rare, valuable and subject to competitive appropriation just as good product or business acquisition ideas are.”

—Warren Buffett

Warren Buffett says

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