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If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Intelligent
Succeed
Investor
Rest
Investors
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Points
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Investing
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Extraordinary
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Intelligence

More quotes by Warren Buffett

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You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.
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The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.
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Investment must be rational if you can't understand it, don't do it.
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The truth is that I've got all my net worth safely in Berkshire and I will never sell a share so there is no one more concerned about what happens after my death than I am.
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We've got more productive capacity now than we ever have.
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Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.
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We intend to continue our practice of working only with people whom we like and admire. This policy not only maximizes our chances for good results, it also ensures us an extraordinarily good time.
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When 40 billion of treasury bills are sold like, seven day treasury bills, at a yield of 1/20th of one percent, that means the whole country is basically at the point virtually, or a lot of the country is at the point of putting the money under the mattress.
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If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.
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What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.
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People always should know better. People don't get - they don't get smarter about things that get as basic as greed.
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Chains of habit are too light to be felt until they are too heavy to be broken.
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The most important thing in terms of your circle of competence is not how large the area of it is, but how well you've defined the perimeter.
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Someone is sitting in the shade today because someone planted a tree a long time ago.
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It's the deleveraging that's going on right now that has caused the credit crisis.
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We would do best in a market where everyone acted foolishly.
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The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
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If you don't find a way to make money while you sleep, you will work until you die.
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The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.
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If you have a harem of 40 women, you never get to know any of them very well.
Warren Buffett