#Long Term Quotes

“A single year's performance is of minor importance and, good or bad, should never be taken seriously.”

“Do not take yearly results too seriously. Instead, focus on four or five-year averages.”

“If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.”

“You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not "stocks", and if the business does all right over the long term, so will the stock.”

“Our favorite holding period is forever.”

“If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.”

“Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.”

“Sound investing can make you very wealthy if you're not in too big a hurry”

“We like to buy businesses, but we don't like to sell them.”

“When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.”

“Always invest for the long term.”

“I have always cautioned partners that I considered three years a minimum in determining whether we were "performing".”

“What we really want to do is buy businesses that we would be happy to own forever.”

“You should invest like a Catholic marries: for life.”

“Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.”

“Benign neglect, bordering on sloth, remains the hallmark of our investment process.”

“I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.”

“An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.”

“He wasn't into one-night stands, he wasn't into scoring just to see if he could, he wasn't into acting just charming enough to get what he wanted before cutting loose in favor of someone new and attractive. He just wasn't like that. He would never be like that. When he met a girl, the first question he asked himself wasn't whether she was good for a few dates; it was whether she was the kind of girl he could imagine spending time with in the long haul.”

“All this will not be finished in the first one hundred days. Nor will it be finished in the first one thousand days . . .nor even perhaps in our lifetime on this planet. But let us begin.”