Quotessence
Home / Quotes / Quote by Warren Buffett

Quote by Warren Buffett

“None of this means, however, that a business or stock is an intelligent purchase simply because it is unpopular; a contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling. Unfortunately, Bertrand Russell's observation about life in general applies with unusual force in the financial world: "Most men would rather die than think. Many do."”

Quote by Warren Buffett

Create image

Author

Warren Buffett
Warren Buffett

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

“I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.”

WantRunningNightOrderChanceSleepBusinessKindnessTomorrowTradeInvestmentInvestingProfitStrangerObligationAgencyExtrasCashRatingBuffetsInvesting Money
Author:Warren Buffett
Create image

“Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, 'I can calculate the movement of the stars, but not the madness of men.' If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.”

IfsMenWellsLongI CanWholeMightLawThreeLostStarsLossBusinessGoneSeaTalentMovementReturnGeniusIncreaseMadnessInvestmentSouthInvestingInvestorsBubblesFourthLong AgoExplainingNewtonDecreaseBundlesBuffetsIsaacHis LossLaws Of MotionEfficient Markets
Author:Warren Buffett
Create image

“Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying we're going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent. Only in Grover Norquist's imagination does such a response exist.”

IfsWellsDoeImaginationBusinessDependsTaxesPercentGainsAccountsInvestmentResponseRateSavingQuartersEarningSavingsGroverSavings Accounts
Author:Warren Buffett
Create image