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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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Omaha
Nebraska
Warren Edward Buffett
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More quotes by Warren Buffett

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Traditional wisdom is long on tradition and short on wisdom.
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All I have to do is think and not be influenced by others.
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Be fearful when the markets get greedy, be greedy when the markets get fearful.
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For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.
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You're dealing with a lot of silly people in the marketplace it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be OK.
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Don't invest in pieces of papers (stocks), invest in great businesses underlying them
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I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.
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... but the important thing is that when you do find one where you really do know what you are doing, you must buy in quantity.... Charlie and I have made a dozen or so very big decisions relative to net worth, although not as big as they should have been. And in each of those, we've known that we were almost certain to be right going in.
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If knowing history made you rich, librarians would be billionaires.
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We've had public companies in the past in that business and they bleed. We've got a lot more blood than they do.
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When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it's the reputation of the business that remains intact.
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Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
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The Fed is the greatest hedge fund in history.
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Intensity is the price of excellence.
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Forecasts may tell you a great deal about the forecaster they tell you nothing about the future.
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We will only do with your money what we would do with our own.
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People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy internet stocks, they went crazy with the uranium stocks back when I was first getting started.
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Personally, I really hope I can treat everyone equally. I think I have done a pretty good job so far but I know I can do it better.
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You could be somewhere where the mail was delayed three weeks and do just fine investing.
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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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