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Success in investing doesn’t correlate with I.Q. Once you are above the level of 25 once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
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Nebraska
Warren Edward Buffett
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Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.
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Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.
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The difference between successful people and really successful people is that really successful people say no to almost everything.
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I don't think you can have a better secretary of the Treasury than Hank Paulson.
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The truth is, everything that has happened in my life... that I thought was a crushing event at the time, has turned out for the better.
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Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
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I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).
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If knowing history made you rich, librarians would be billionaires.
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How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.
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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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It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.
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You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
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Stop trying to predict the direction of the stock market, the economy or elections.
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Very successful people say no to almost everything.
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Someone is sitting in the shade today because someone planted a tree a long time ago.
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In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts the Depression a dozen or so recessions and financial panics oil shocks a flu epidemic and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
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The most important investment you can make is in yourself... nobody can tax it or take it away from you.
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The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.
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Inflation could be a very - is a likely consequence out of what's going on now.
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You can be sure that over the next 10 years, you'll see something that you did not think was possible.
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