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If principles can become dated, they're not principles.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Principles
Become
Life
Dated
Generosity

More quotes by Warren Buffett

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If you can eliminate the government as a 39.6% partner, then you will be much better off.
Warren Buffett
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I mean there is no capital requirements to it or anything of the sort. And basically, I said there were possibly financial weapons of mass destruction, and they had them. They destroyed AIG. They certainly contributed to the destruction of Bear Sterns and Lehman. Although Lehman had other problems, too.
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I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
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An ounce of prevention is worth a pound of cure understated.
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Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.
Warren Buffett
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Be brave when others are afraid, and afraid when others are brave.
Warren Buffett
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Emotional makeup is more important than technical skill
Warren Buffett
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Fear is the foe of the faddist, but the friend of the fundamentalist.
Warren Buffett
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Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.
Warren Buffett
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I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And what I learn today may be useful to me two years from now. That's really the wonderful thing about investments is your knowledge is cumulative.
Warren Buffett
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If horses had controlled investment decisions, there would have been no auto industry.
Warren Buffett
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In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.
Warren Buffett
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While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.
Warren Buffett
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I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.
Warren Buffett
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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
Warren Buffett
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I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc.
Warren Buffett
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Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.
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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If I eat 2,700 calories a day, a quarter of that is Coca-Cola.
Warren Buffett
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You should invest in a business that even a fool can run, because someday a fool will.
Warren Buffett