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[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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Mars
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More quotes by Warren Buffett
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.
Warren Buffett
What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.
Warren Buffett
Investors should remember that excitement and expenses are their enemies.
Warren Buffett
The thing to do is to keep your mind when the world around you is losing theirs.
Warren Buffett
Be fearful when the markets get greedy, be greedy when the markets get fearful.
Warren Buffett
You should invest in a business that even a fool can run, because someday a fool will.
Warren Buffett
There is no staff. I make all the investment decisions and I do all my own analysis.
Warren Buffett
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Warren Buffett
A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth.
Warren Buffett
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.
Warren Buffett
There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
Warren Buffett
Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.
Warren Buffett
In the world of business, the people who are most successful are those who are doing what they love.
Warren Buffett
In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.
Warren Buffett
When the president of the United States goes out at, you know, 8:00 o'clock in the morning and then his own party votes gets him 2 to 1 in the house, you know that somehow a message isn't getting out. It takes real leadership.
Warren Buffett
I don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.
Warren Buffett
If book knowledge made great investors, than the librarians would all be rich.
Warren Buffett
Either they're trying to con you or they're trying to con themselves.
Warren Buffett
Investment must be rational if you can't understand it, don't do it.
Warren Buffett
Equities will do well over time - you just have to avoid getting excited when other people are getting excited.
Warren Buffett
