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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
Thing
Circle
Staying
Circles
Inside
Everybody
Bigs
Important
Different
Competence

More quotes by Warren Buffett

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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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I'll take the deal, whatever you want to do.
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Either they're trying to con you or they're trying to con themselves.
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I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need.
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The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.
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Of our 49 billion, we haven't moved any to Bitcoin
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Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
Warren Buffett
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I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.
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Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.
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I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.
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We've got all the ingredients for a sensational future.
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Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.
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The smartest side to take in a bidding war is the losing side.
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I would say it's more important who the treasury secretary is than who the vice president is. If you want to have a debate here, I'd like a debate between potential treasury secretaries than the vice presidential debate.
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It's almost impossible to overpay the truly extraordinary CEO... but the species is rare.
Warren Buffett
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Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he get really enthused you sell to him, and if he gets depressed, you buy from him. There's no moral taint attached to that.
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Forecasts usually tell us more of the forecaster than of the forecast
Warren Buffett
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... not doing what we love in the name of greed is very poor management of our lives.
Warren Buffett
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I may have more money than you, but money doesn't make the difference. If there is any difference between you and me, it may simply be that I get up and have a chance to do what I love to do, every day. If you learn anything from me, this is the best advice I can give you.
Warren Buffett
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It's not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income that causes trouble.
Warren Buffett