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I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Trying
Idiot
Investing
Investment
Brilliant
Buffets
Later
Insightful
Wonderful
Businesses
Business
Stock
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Sooner

More quotes by Warren Buffett

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I've never been very fully employed either.
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I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).
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I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.
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I'm not worried they're all about the investments we make. I mean, listen, this country - we've got $46,000 or $47,000 of GDP per capita. Now, we've done pretty darn well. We'll do better in the future.
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I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say.
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It's going to be tough because the economy is going to be getting worse for a while. And it might fall off a cliff if this doesn't pass. But nobody will ever know that if it does.
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We have learned to turn out lots of goods and services, but we haven't learned as well how to have everybody share in the bounty. The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
Warren Buffett
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There is seldom just one cockroach in the kitchen. You know, you turn on the light and, all of sudden, they all start scurrying around.
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I would say the biggest single cause was we had an incredible residential real estate bubble.
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The much-maligned idle rich have received a bad rap: They have maintained their wealth while many There is scarcely an instance of a man who has made a fortune by speculation and kept it. Andrew Carnegie of the energetic rich, aggressive real estate operators, corporate acquirers, oil drillers, etc. have their fortunes disappear.
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Intensity is the price of excellence.
Warren Buffett
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I was lucky to have the right heroes. Tell me who your heroes are and I'll tell you how you'll turn out to be. The qualities of the one you admire are the traits that you, with a little practice, can make your own, and that, if practiced, will become habit forming.
Warren Buffett
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Ignore the stock market, ignore the economy, and buy a business you understand.
Warren Buffett
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Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.
Warren Buffett
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We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as focused investing.
Warren Buffett
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You pay a very high price in the stock market for a cheery consensus.
Warren Buffett
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There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
Warren Buffett
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I have a wonderful family. I have a job that I love and wonderful people who help me with it. It can't get any better than that.
Warren Buffett
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A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling.
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The Fed is the greatest hedge fund in history.
Warren Buffett