Quote #49

'The stock market is a no-called-strike game. You don't have to swing at everything--you can wait for your pitch. The problem when you're a money manager is that your fans keep yelling, 'Swing, you bum!'' - 1999 Berkshire Hathaway Annual Meeting

More from Warren Buffett

  1. 'I call investing the greatest business in the world because you never have to swing. You stand at the plate, the pitcher throws you Genera…
  2. 'The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be r…
  3. 'We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.' - 1998 Berkshire Hathaway Annua…
  4. 'Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.'
  5. 'If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock market during that period?'Many inves…
  6. 'If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, th…
  7. 'We will reject interesting opportunities rather than over-leverage our balance sheet.' - Berkshire Hathaway Owners Manual
  8. 'You leave yourself an enormous margin of safety. You build a bridge that 30,000-pound trucks can go across and then you drive 10,000-pound…

All Warren Buffett quotes