“I make no attempt to forecast the general market — my efforts are devoted to finding undervalued securities.”

—  Warren Buffett

2 November 1959
Letters to Shareholders (1957 - 2012)
Context: I make no attempt to forecast the general market — my efforts are devoted to finding undervalued securities. However, I do believe that widespread public belief in the Inevitability of profits from investments in stocks will lead to eventual trouble. Should this occur, prices, but not intrinsic values in my opinion, of even undervalued securities can be expected to be substantially affected.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "I make no attempt to forecast the general market — my efforts are devoted to finding undervalued securities." by Warren Buffett?
Warren Buffett photo
Warren Buffett146
American business magnate, investor, and philanthropist 1930

Related quotes

Robert Gascoyne-Cecil, 3rd Marquess of Salisbury photo

“I would have devoted my whole efforts to securing the waterway to India – by the acquisition of Egypt or of Crete, and would in no way have discouraged the obliteration of Turkey.”

Robert Gascoyne-Cecil, 3rd Marquess of Salisbury (1830–1903) British politician

Source: Letter to Robert Bulwer-Lytton, 1st Earl of Lytton (15 June 1877), from G. Cecil, The Life of Robert, Marquis of Salisbury. Volume II, pp. 145-146

Oliver Wendell Holmes photo

“Be polite and generous, but don't undervalue yourself.”

Oliver Wendell Holmes book Elsie Venner

Elsie Venner (1859)
Context: Be polite and generous, but don't undervalue yourself. You will be useful, at any rate; you may just as well be happy, while you are about it.

Warren Buffett photo

“We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

1992 Chairman&#x27;s Letter http://www.berkshirehathaway.com/letters/1992.html <br class="br">Letters to Shareholders (1957 - 2012)

Paul A. Samuelson photo

“The stock market has forecast nine of the last five recessions.”

Paul A. Samuelson (1915–2009) American economist

Paul Samuelson (1966), quoted in: John C Bluedorn et al. Do Asset Price Drops Foreshadow Recessions? (2013), p. 4
1950s–1970s

Robert Cecil, 1st Viscount Cecil of Chelwood photo

“Collective effort can produce collective security and that if such effort is not made, it is because the will and the courage to make it are not there.”

Robert Cecil, 1st Viscount Cecil of Chelwood (1864–1958) lawyer, politician and diplomat in the United Kingdom

The Future of Civilization (1938)
Context: Collective effort can produce collective security and that if such effort is not made, it is because the will and the courage to make it are not there. It is therefore still more important than it ever was to realize that the real choice before us in this matter is: are we going to permit uncontrolled nationalism to dominate civilized Europe, or are we going to say that the European countries (I don't deal with the whole world, but it applies to that, too) are really part of one community with a common interest in international peace?

Walter Cronkite photo

“I regret that, in our attempt to establish some standards, we didn't make them stick. We couldn't find a way to pass them on to another generation, really.”

Walter Cronkite (1916–2009) American broadcast journalist

Newseum interview (1996) http://www.newseum.org/news/news.aspx?item=nh_CRON090714_2, accessed 2009-07-21

Nayef Al-Rodhan photo

“Considerations of justice are also integral to efforts to generate transcultural security in the first instance and, ultimately, transcultural synergy.”

Nayef Al-Rodhan (1959) philosopher, neuroscientist, geostrategist, and author

Source: Sustainable History and the Dignity of Man (2009), p.403

René Descartes photo

“At last I will devote myself sincerely and without reservation to the general demolition of my opinions.”

René Descartes (1596–1650) French philosopher, mathematician, and scientist

Source: Discourse on Method

N. Gregory Mankiw photo

“Market power and externalities are examples of a general phenomenon called market failure—the inability of some unregulated markets to allocate resources efficiently. When markets fail, public policy can potentially remedy the problem and increase economic efficiency. Microeconomists devote much effort to studying when market failure is likely and what sorts of policies are best at correcting market failures. As you continue your study of economics, you will see that the tools of welfare economics developed here are readily adapted to that endeavor. Despite the possibility of market failure, the invisible hand of the marketplace is extraordinarily important.”

N. Gregory Mankiw (1958) American economist

Source: Principles of Economics (1998-), Ch. 7. Consumers, Producers, and the Efficiency of Markets; p. 150

Paul A. Samuelson photo

“Markets are not perfect, which is true even for rationally regulated markets. Nevertheless, over the last thousand years every attempt to organize sizeable societies without important dependence on markets has generated its own failure …”

Paul A. Samuelson (1915–2009) American economist

New millennium, An Enjoyable Life Puzzling Over Modern Finance Theory, 2009

Related topics