Warren Buffett Quote

Our performance, relatively, is likely to be better in a bear market than in a bull market … in a year when the general market had a substantial advance, I would be well satisfied to match the advance of the averages.


Second annual letter to Limited Partners (1957) - Letters to Shareholders (1957 - 2012)

Picture Quote 1

Our performance, relatively, is likely to be better in a bear market than in a bull market … in a year when the general market had a substantial...

Picture Quote 2

Our performance, relatively, is likely to be better in a bear market than in a bull market … in a year when the general market had a substantial...

Picture Quote 3

Our performance, relatively, is likely to be better in a bear market than in a bull market … in a year when the general market had a substantial...

Picture Quote 4

Our performance, relatively, is likely to be better in a bear market than in a bull market … in a year when the general market had a substantial...