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If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Poker
Buffets
Hour
Playing
Hours
Half
Stills
Still
Patsy

More quotes by Warren Buffett

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AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over 200 billion, the most respected insurer and everything in the world.
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It’s not that I want money. It’s the fun of making money and watching it grow.
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I would say the biggest single cause was we had an incredible residential real estate bubble.
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When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.
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The greater the potential for reward in the value portfolio, the less risk there is.
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I am not in the business of predicting general stock market of business fluctuations. If you think I can do this, or think it is essential to an investment program, you should not be in the partnership.
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I'm putting all my money in the Chinese toy market.
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it's a good idea to review past mistakes before committing new ones.
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People who watch their weight, golf scores, and fuel bills seem to shun quantitative evaluation of their investment management skills although it involves the most important client in the world-themselves.
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My friends and I have been coddled long enough by a billionaire-friendly Congress.
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One’s objective should be to get it right, get it quick, get it out and get it over. Your problem won’t improve with age.
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Investing is laying out money now to get more money back in the future.
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If you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or - whomever around their office.
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I lose confidence in other people, all kinds of institutions.
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Take the job you would take if you were independently wealthy. You're going to do well at it.
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Do not take yearly results too seriously. Instead, focus on four or five-year averages.
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Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
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Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.
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Never be afraid to ask for too much when selling or offer too little when buying.
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Never test the depth of river with both the feet.
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