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Only when the tide goes out do you discover who's been swimming naked.

Warren Buffett

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

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Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if you call a tail a leg? The answer: Four, because calling a tail a leg doesn't make it a leg.
Warren Buffett
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Trust is like the air we breathe--when it's present, nobody really notices when it's absent, everybody notices.
Warren Buffett
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Never give up searching for the job that you’re passionate about. Try to find the job you’d have if you were independently rich. Forget about the pay. When you’re associating with the people that you love, doing what you love, it doesn’t get any better than that.
Warren Buffett
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We make investment decisions based on our evaluation of the most profitable combination of probabilities.
Warren Buffett
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If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful business for a whole bunch of cash, which isn't as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So my advice to anybody who owns a wonderful business is keep it.
Warren Buffett
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If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.
Warren Buffett
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I'd rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.
Warren Buffett
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My father was the best person i've ever known.
Warren Buffett
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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.
Warren Buffett
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The thing to do is to keep your mind when the world around you is losing theirs.
Warren Buffett
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We've got all the ingredients for a sensational future.
Warren Buffett
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The dumbest reason in the world to buy a stock is because it's going up.
Warren Buffett
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I'm just lucky to have been in the right place at the right time. Another place, another time, I wouldn't have been as successful. Society enabled me to make my money and my money should go to society.
Warren Buffett
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In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.
Warren Buffett
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Investing in yourself is the best thing you can do. If you've got talents, no one can take them from you.
Warren Buffett
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I would say that life at 84, I am having as much fun as I've ever had in my life. I mean I get to do what I love every day with the people I love-and it just doesn't get any better than that.
Warren Buffett
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I can do anything I want, basically, as long as it doesn't involve athletic ability, or something like that.
Warren Buffett
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You're dealing with a lot of silly people in the marketplace it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be OK.
Warren Buffett
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The only question is whether you’re going to do it today or tomorrow. If you keep saying you’re going to do it tomorrow, you’ll never do it. You have to get on it today.
Warren Buffett
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I don't read economic forecasts. I don't read the funny papers.
Warren Buffett