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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
Different
Competence
Thing
Circle
Staying
Circles
Inside
Everybody
Bigs
Important

More quotes by Warren Buffett

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If horses had controlled investment decisions, there would have been no auto industry.
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In business, I look for economic castles protected by unbreachable 'moats'.
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Money is not everything. Make sure you earn a lot before speaking such nonsense.
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Of our 49 billion, we haven't moved any to Bitcoin
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I buy expensive suits - they just look cheap on me.
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It's us fun being a horse when the tractor comes along, or the blacksmith when the car comes along.
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If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.
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Tell me your heroes and I'll tell you how your life will end up
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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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I view derivatives as time bombs, both for the parties that deal in them and the economic system.
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Never risk what you have and need for what we don't have and don't need.
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You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.
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If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.
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At this point, when treasury bills, seven day treasury bills at 1/20th of one percent, it's not because people want to earn 1/20th of one percent, it's because they trust the fact the treasury will give it back to them next week.
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I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
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They [Goverment] take from the woman who comes in and takes the wastebaskets out.
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AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over 200 billion, the most respected insurer and everything in the world.
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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.
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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.
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If book knowledge made great investors, than the librarians would all be rich.
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