Home / Quotes / Quote by Warren Buffett

Quote by Warren Buffett

“All but a few of the organizations do not specifically promise to deliver superior investment performance although it is perhaps not unreasonable for the public to draw such an inference from their advertised emphasis on professional management.”

Quote by Warren Buffett

Author

Warren Buffett, born on August 30, 1930, is a renowned investor. Known as the 'Oracle of Omaha,' he is the chairman and CEO of Berkshire Hathaway, a diversified holding company involved in insurance, railroads, energy, finance, and more. Buffett's investment philosophy emphasizes value investing, and he is known for his long-term investment and stable investment strategies. more

You May Also Like

“People who watch their weight, golf scores, and fuel bills seem to shun quantitative evaluation of their investment management skills although it involves the most important client in the world-themselves.”

People World Important Seems Watches Skills Weight Management Bills Golf Investment Fuel Score Clients Evaluation Management Skills Investment Management

Author:Warren Buffett

“It is unquestionably true that the investment companies have their money more conventionally invested than we do. To many people conventionality is indistinguishable from conservatism. In my view, this represents erroneous thinking. Neither a conventional nor an unconventional approach, per se, is conservative.”

People Thinking Views Company Approach Investment Conservative Conventional Conservatism Unconventional Conventionality

Author:Warren Buffett

“Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.”

Facts Action Sound Intelligent Conservative Arise Reasoning Hypothesis

Author:Warren Buffett

“When we really sit back with a smile on our face is when we run into a situation we can understand, where the facts are ascertainable and clear, and the course of action obvious.”

Facts Running Action Faces Courses Situation Clear Obvious

Author:Warren Buffett

“My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc., should be willing to state unequivocally what he is going to attempt to accomplish and how he proposes to measure the extent to which he gets the job done.”

Should States Done Jobs Views Company Willing Investment Accomplish Managers Department Etc Propose Counselor Brokers Get The Job Done

Author:Warren Buffett

“In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.”

Knows Enough Company Situation Cases Industry Judgment Majority Sensible

Author:Warren Buffett

“The gross profits in many workouts appear quite small. It's a little like looking for parking meters with some time left on them. However, the predictability coupled with a short holding period produces quite decent average annual rates of return after allowance for the occasional substantial loss.”

Littles Left Loss Produce Return Periods Rate Average Profit Decent Workout Gross Occasional Parking Meter Annuals Allowance Predictability Time Left Parking Meters

Author:Warren Buffett

“More investment sins are probably committed by otherwise quite intelligent people because of "tax considerations" than from any other cause. One of my friends-a noted West Coast philosopher-maintains that a majority of life's errors are caused by forgetting what one is really trying to do. This is certainly the case when an emotionally supercharged element like taxes enters the picture (I have another friend-a noted East Coast philosopher who says it isn't the lack of representation he minds-it's the taxation).”

“It is obvious that the performance of a stock last year or last month is no reason, per se, to either own it or to not own it now. It is obvious that an inability to "get even" in a security that has declined is of no importance. It is obvious that the inner warm glow that results from having held a winner last year is of no importance in making a decision as to whether it belongs in an optimum portfolio this year.”

Years Reason Lasts Decision Results Security Months Performances Importance Obvious Warm Winner No Reason Last Year Inability Portfolios Optimum

Author:Warren Buffett

“I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).”

People Long Body Able Term Policy Taxes Gains Rate Blow Likes Long Term Endeavor Desirable Digging Certificates Shuffling Capital Gains Digging Ditches

Author:Warren Buffett