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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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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Men
Kept
Received
Maintained
Fortune
Aggressive
Energetic
Wealth
Oil
Scarcely
Rich
Rap
Estate
Maligned
Many
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Real
Corporate
Speculation
Carnegie
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Made
Disappear
Idle
Andrew

More quotes by Warren Buffett

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When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience.
Warren Buffett
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If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station - I'm talking of the past - you know, your idiot nephew could run it. And if you've got a really good business, it doesn't make any difference.
Warren Buffett
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Take Wrigley's Chewing Gum. I don't think the Internet is going to change how people chew gum.
Warren Buffett
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I don't want to be on the other side of the table from the customer. I was never selling anything that I didn't believe in myself or use myself.
Warren Buffett
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If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.
Warren Buffett
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It's very important that the determination of the US Congress to do what is is needed be made evident this week and by the actions of most of the members. I mean, you're not going to get total assent.
Warren Buffett
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The important thing is to keep playing, to play against weak opponents and to play for big stakes.
Warren Buffett
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Turnarounds seldom turn.
Warren Buffett
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I think that trying to invest through 535 people is a tough job, you know, and so I would give more latitude.
Warren Buffett
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Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices
Warren Buffett
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I'll take the deal, whatever you want to do.
Warren Buffett
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In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.
Warren Buffett
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When they get their ego involved, people do things they shouldn't do.
Warren Buffett
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If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.
Warren Buffett
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The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time.
Warren Buffett
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Always invest for the long term.
Warren Buffett
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Beware of geeks bearing formulas.
Warren Buffett
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An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.
Warren Buffett
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The American economy is going to do fine. But it won't do fine every year and every week and every month. I mean, if you don't believe that, forget about buying stocks anyway... It's a positive-sum game, long term. And the only way an investor can get killed is by high fees or by trying to outsmart the market.
Warren Buffett
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The most dangerous distractions are the ones you love, but that don’t love you back.
Warren Buffett