Warren Buffett says

“Regardless of the impact upon immediately reportable earnings, we would rather buy 10% of Wonderful Business T at X per share than 100% of T at 2x per share. Most corporate managers prefer just the reverse.”

—Warren Buffett

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Quotes on Investing Warren Buffett on Investing

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“Over-all, we probably would have retained better prospects for the next five years if profits had not risen so dramatically this year.”

—Warren Buffett

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

—Jeff Bezos

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

—Warren Buffett

“My proceeds from the PayPal acquisition were $180 million. I put $100 million in SpaceX, $70m in Tesla, and $10m in Solar City. I had to borrow money for rent.”

—Elon Musk

“An investor should act as though he had a lifetime decision card with just twenty punches on it.”

—Warren Buffett

“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

“Intensity is the price of excellence.”

—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

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

—Warren Buffett

“Managers who want to expand their domain at the expense of owners might better consider a career in government.”

—Warren Buffett

“At Berkshire, full reporting means giving you the information that we would wish you to give to us if our positions were reversed.”

—Warren Buffett

“Writing a check separates a commitment from a conversation.”

—Warren Buffett

“In the world of business, the people who are most successful are those who are doing what they love.”

—Warren Buffett

“There's never just one cockroach in the kitchen.”

—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