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There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Idiots
Idiot
Kinds
Creativity
Three
Imitators
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Imitator
People
Innovators

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If you buy things you do not need, soon you will have to sell things you need.
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The gross profits in many workouts appear quite small. It's a little like looking for parking meters with some time left on them. However, the predictability coupled with a short holding period produces quite decent average annual rates of return after allowance for the occasional substantial loss.
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I would say it's more important who the treasury secretary is than who the vice president is. If you want to have a debate here, I'd like a debate between potential treasury secretaries than the vice presidential debate.
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The greater the potential for reward in the value portfolio, the less risk there is.
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I've never been very fully employed either but just think of what it's like, you know, to go home with a mortgage payment you know and kids and everything else. My dad had that happen to him in the early '30s.
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Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper for your friends and family to see.
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The purpose of life is to be loved by as many people as possible among those you want to have love you
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Look at market fluctuations as your friend rather than your enemy profit from folly rather than participate in it.
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Things you like to do should be a hobby of yours, but things the world does should be a business of yours.
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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.
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Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.
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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 are trading away a little bit of our country all the time for this access consumption that we have over what we've produced. That is not good. I think it's terrible over time. But our country's productive grows enough so we actually can do that, and we'll still be better off. We just don't be as well off as if we hadn't done it.
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The trick is, when there is nothing to do, do nothing.
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If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.
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An ounce of prevention is worth a pound of cure understated.
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The most dangerous distractions are the ones you love, but that don’t love you back.
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Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.
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The rich invest in time, the poor invest in money.
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I view derivatives as time bombs, both for the parties that deal in them and the economic system.
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