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We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Evil
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Many
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More quotes by Warren Buffett

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Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
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In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.
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If horses had controlled investment decisions, there would have been no auto industry.
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Stop trying to predict the direction of the stock market, the economy or elections.
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With enough insider information and a million dollars, you can go broke in a year.
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Success is having people love you that you want to have love you.
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People do, as long as you have markets, you'll have excesses.
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Mark Zuckerberg will be a hero to many young entrepreneurs 20 years from now. Bill Gates will be a hero to others, and they will look to those [people] like I read books when I was in my teens about Rockefeller or Carnegie.
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You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.
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Most business mistakes are irreversible setbacks, but you get another chance. There are two things in life that you don't get another chance at - marrying the wrong person and what you do with your children.
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Just imagine living on 21,000 a year. I mean you have 20 percent of the population doing that. So you don't have to worry about guys like me.
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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.
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Does management resist the institutional imperative?
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In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard.
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Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.
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If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.
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I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
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What we really want to do is buy businesses that we would be happy to own forever.
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If you want to soar like an eagle in life, you can't be flocking with the turkeys.
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You could be somewhere where the mail was delayed three weeks and do just fine investing.
Warren Buffett