My Warren Buffett Bible Quotes

“price is what you pay; value is what you get.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“You can’t make a good deal with a bad person.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“Honesty is a very expensive gift. Don’t expect it from cheap people.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“Time is the friend of the wonderful company, the enemy of the mediocre.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“In the business world, the rearview mirror is always clearer”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“No business has ever failed with happy customers. You are selling happiness.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business whose earnings are virtually certain to be materially higher five, ten and twenty years from now. Over time, you will find only a few companies that meet these standards”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“The asset I most value, aside from health, is interesting, diverse, and long-standing friends.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“Buy into a company because you want to own it, not because you want the stock to go up.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“The difference between successful people and very successful people is that very successful people say “no” to almost everything.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“The single most important decision in evaluating a business is pricing power. If you have the power to raise prices without losing business to a competitor, you’ve got a very good business.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“If you like spending 6–8 hours per week on investments, do it. If you don’t, then dollar-cost average into index funds. This accomplishes diversification across assets and time, two very important things.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“Don’t pass up something that’s attractive today because you think you will find something more attractive tomorrow.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“I like a business that, when it’s not managed at all, still makes lots of money. That’s my kind of business.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“I read annual reports of the company I’m looking at, and I read the annual reports of the competitors—that is the main source of material.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“Rationality is essential.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“We have to decide whether we can sensibly estimate an earnings range for five years out, or more. If the answer is yes, we will buy the stock (or business) if it sells at a reasonable price in relation to the bottom boundary of our estimate.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“Market forecasters will fill your ear but never fill your wallet.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“I am confident it will not only help you become more disciplined but also a more RATIONAL, OPTIMISTIC, and LONG-TERM investor. The ultimate act of generosity is Warren Buffett sharing his genius with the individual investor!”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing, or emerging markets. You may, in fact, be better off knowing nothing of these. That, of course, is not prevailing view at most business schools, whose finance curriculum tends to be dominated by such subjects. In our view, though, investment students need only two well-taught courses—How to Value a Business, and How to Think About Market Prices.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“The happiest people do not necessarily have the best things. They simply appreciate the things they have.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“Like Wayne Gretzky says, go where the puck is going, not where it is.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“As the “Oracle of Omaha” said, “It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“We intend to continue our practice of working only with people whom we like and admire.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor

“The definition of a great company is one that will be great for 25 or 30 years.”
― Robert L. Bloch, My Warren Buffett Bible: A Short and Simple Guide to Rational Investing: 284 Quotes from the World's Most Successful Investor