Warren Buffett Quotes

On Life Chains of habit are too light to be felt until they are too heavy to be broken. Source: Buffett Wharton Speech, October 10, 2003 On Economy Like virginity, a stable price level seems capable of maintenance, but not of restoration. Source: Berkshire Hathaway Letters to Shareholders, 1981 [Economic] Forecasts usually tell us more of the […]

Quotes on shorting stocks

Charlie and I have agreed on around 100 stocks over the years that we thought were shorts or promotions. Had we acted on them, we might have lost all of our money, every though we were right just about every time. A bubble plays on human nature. Nobody knows when it’s going to pop, or […]

Quotes on EMT

Buffett quotes on Efficient Market Theory (EMT), The market is generally fairly efficient in evaluating asset classes, but not always efficient in valuing specific businesses. Source: BRK Annual Meeting 1999 ———————– [My experience] has given me a jaundiced view of academia generally. Efficient market theory—that everything is priced appropriately—is bunk. There’s a certain degree to […]