"Read Ben Graham and Phil Fisher read..." - Quote by Warren Buffett
Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.
More by Warren Buffett
“Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.”
“I spend twelve hours a week - a little over 10% of my waking hours - playing the game. Now I am trying to figure out how to get by on less sleep in order to fit in a few more hands.”
“The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.”
More on Investment
“I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And what I learn today may be useful to me two years from now. That's really the wonderful thing about investments is your knowledge is cumulative.”
“Any business you go into, you have to think about how much money you are willing to put into it, and how much you are not.”
“If you need a machine and don't buy it, then you will ultimately find that you have paid for it and don't have it.”
More on Analysis
“To arrive at the definition of the problem he must begin by finding the 'critical factor'. This is the element (or elements) in the situation that has to be changed before anything else can be changed, moved, acted upon.”
“When I work a game as an analyst, all I do is look at the game like a coach. Why was something successful? What makes it work? I just try to use my expertise and whatever insight I have to the game.”
“I can analyze people's intentions. Immediately. That's just a warning. To everyone.”