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Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Inside
Everybody
Bigs
Important
Different
Competence
Thing
Circle
Staying
Circles

More quotes by Warren Buffett

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My father was the best person i've ever known.
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I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.
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If I got a chance to take one percent of the deal either way, I would make that bet.
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You don't want 300 million Americans putting their money under the mattress.
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What the wise do in the beginning, fools do in the end.
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If you want to shoot rare, fast-moving elephants, you should always carry a loaded gun.
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Our approach is very much profiting from lack of change rather than from change.
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It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
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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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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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You have to be able to communicate in life and probably schools underemphasize that. If you can't talk to people or write, you're giving up your potential.
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With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock
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Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
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The investor of today does not profit from yesterday's growth.
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I've often felt there might be more to be gained by studying business failures than business successes.
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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.
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If you gave me $100 billion and said take away the soft drink leadership of Coca-Cola in the world, I'd give it back to you and say it can't be done.
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In the end we must have people to match our principles, not the reverse.
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What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.
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I've argued with the senators and congressmen I've talked to. You don't want to be too little too late. If you buy them at the right price, you may be buying two trillion of face value.
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