Quote

Never test the depth of river with both the feet.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Tests
Depth
Rivers
Feet
Inspirational
Never
River
Test

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Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
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Cash combined with courage in a time of crisis is priceless.
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Buy a business, don't rent stocks.
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I would say that life at 84, I am having as much fun as I've ever had in my life. I mean I get to do what I love every day with the people I love-and it just doesn't get any better than that.
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If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.
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You don't want 300 million Americans putting their money under the mattress.
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The key to life is to figure out who to be the batboy for.
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You know ... you keep doing the same things and you keep getting the same result over and over again.
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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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The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.
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Larger sums may be an advantage at some cases and a disadvantage at others.
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The Noah rule: Predicting rain doesn't count building arks does.
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Stocks of companies selling commodity-like products should come with a warning label: Competition may prove hazardous to human wealth.
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Investing is not as tough as being a top-notch bridge player. All it takes is the ability to see things as they really are.
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