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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
Everybody
Bigs
Important
Different
Competence
Thing
Circle
Staying
Circles
Inside

More quotes by Warren Buffett

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Let blockheads read what blockheads wrote.
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The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.
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Never depend on single income. Make investment to create a second source.
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The U.S. Treasury has got borrowing costs like nobody else has.
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We've got more productive capacity now than we ever have.
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Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.
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I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. You need to fill your mind with various competing thoughts and decide which make sense.
Warren Buffett
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It's class warfare, my class is winning, but they shouldn't be.
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Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.
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I don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.
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I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.
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A bull market is like sex. It feels best just before it ends.
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I think you'll have plenty of scrutiny as how the money's invested. I mean, just like the RFC. When the RFC operated, people knew which institutions they were buying preferred stock in. And it worked very well.
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When we went crazy, and we did go crazy on residential real estate, it set things in motion that just - the dominoes started toppling.
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The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.
Warren Buffett
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An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.
Warren Buffett
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While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.
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You get what I call the natural progression, the three Is. The innovators, the imitators, and the idiots.
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Never get too hung up on mistakes.
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