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It's good to learn from your mistakes. It's better to learn from other people's mistakes.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Good
People
Mistakes
Mistake
Learn
Better

More quotes by Warren Buffett

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The time to buy stocks is consistently over time. You should never buy your investments with the idea, 'I have to get a certain return.' You should look at the best return possible and learn to live with that. But you should not try to make your investments earn what you feel you need. It doesn't work that way. The stock doesn't know you own it.
Warren Buffett
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Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if you call a tail a leg? The answer: Four, because calling a tail a leg doesn't make it a leg.
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In business, I look for economic castles protected by unbreachable 'moats'.
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I look at everything. That's my job. I really do, every day. I think about everything.
Warren Buffett
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The plan itself is opportunism. There is no plan before that.
Warren Buffett
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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.
Warren Buffett
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I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And what I learn today may be useful to me two years from now. That's really the wonderful thing about investments is your knowledge is cumulative.
Warren Buffett
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Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.
Warren Buffett
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I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.
Warren Buffett
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Enjoy your work and work for whom you admire.
Warren Buffett
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It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.
Warren Buffett
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Failing conventionally is the route to go as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press
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I did not think I would see the day when, you know, an AIG would not be able to have its checks clear.
Warren Buffett
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I think people - what people want to do is make [economy] get worse.
Warren Buffett
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The much-maligned idle rich have received a bad rap: They have maintained their wealth while many There is scarcely an instance of a man who has made a fortune by speculation and kept it. Andrew Carnegie of the energetic rich, aggressive real estate operators, corporate acquirers, oil drillers, etc. have their fortunes disappear.
Warren Buffett
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The patient that's on the floor with the cardiac arrest is not Wall Street. It's the American economy.
Warren Buffett
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Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.
Warren Buffett
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Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, that you're still around to play the next day.
Warren Buffett
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If you can't communicate and talk to other people and get across your ideas, you're giving up your potential.
Warren Buffett
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You know, with your money and my brains, I mean, there's no telling how far we'd go.
Warren Buffett