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Risk comes from not knowing what you're doing.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
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Omaha
Nebraska
Warren Edward Buffett
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More quotes by Warren Buffett

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If this is a war, my side has the nuclear bomb. We have K Street. We have Wall Street. Debbie doesn't have anybody. I want a government that is responsive to the people who got the short straw in life.
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Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.
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You can't make a good deal with a bad person.
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A single year's performance is of minor importance and, good or bad, should never be taken seriously.
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Chains of habit are too light to be felt until they are too heavy to be broken.
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The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
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Wall Street makes its money on activity. You make your money on inactivity.
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You can't stand to see your neighbor getting rich. You know you're smarter than he is and he's doing these things and he's getting rich.
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Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.
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I can't promise results, but I can promise a common destiny.
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You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.
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How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.
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You can be sure that over the next 10 years, you'll see something that you did not think was possible.
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He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there.
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Fund consultants like to require style boxes such as long-short, macro, international equities. At Berkshire our only style box is smart.
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If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?
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You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.
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I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.
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I always invest in companies an idiot could run, because one day one will.
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I don't know that I could draw one that's perfect. But I'd rather by approximately right than precisely wrong, and it would be precisely wrong to turn it down.
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