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By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Investing
Investment
Actually
Outperform
Nothing
Periodically
Index
Professionals
Investors
Fund

More quotes by Warren Buffett

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If knowing history made you rich, librarians would be billionaires.
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If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.
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We don't read other people's opinions. We want to get the facts, and then think.
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I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular field, but thought he should work for McKinsey for a few years first to add to his resume. To me that's like saving sex for your old age. It makes no sense.
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I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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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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[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.
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Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.
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I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless. I can't run very fast. I'm not particularly strong. I'd probably end up as some wild animal's dinner.
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Returns decrease as motion increases.
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Businesses always have opportunities to improve service, product lines, manufacturing techniques, and the like, and obviously these opportunities should be seized. But a business that constantly encounters major change also encounters many chances for major error
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OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.
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Honesty is a very expensive gift, Don't expect it from cheap people.
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I get to do what I like to do every single day of the year.
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I know what I want to do and it makes sense to get going.
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Making money isn't the backbone of our guiding purpose it is the by-product of our guiding purpose.
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It's very important that the determination of the US Congress to do what is is needed be made evident this week and by the actions of most of the members. I mean, you're not going to get total assent.
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Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.
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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.
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It isn't given to man to be able to run a financial institution where different interest-rate scenarios will prevail on all of that so as to produce kind of smooth, regular earnings from a very large base to start with.
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