Buffett Says

Quotes from Warren Buffett, Chairman, Berkshire Hathaway

"You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right - and that's the only thing that makes you right. And if your facts and reasoning are right, you don't have to worry about anybody else."

"You leave yourself an enormous margin of safety. You build a bridge that 30,000-pound trucks can go across and you drive 10,000-pound trucks across it. That is the way I like to cross bridges."

"The most important quality of an investor is temperament, not intellect...Your need a temperament that neither derives great pleasure from being with the crowd nor against the crowd."

"Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich."

"Price is what you pay. Value is what you get."

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

"Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."

"We believe that according the name "investors" to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a "romantic".

"Why not invest your assets in the companies that you really like? As Mae West says, "Too much of a good thing can be wonderful."

"I don't look to jump 7-foot bars. I look around for 1-foot bars that I can step over."

Photo location: Baan Hintoom, Uthaitani province