Quote

Having a large amount of leverage is like driving a car with a dagger on the steering wheel pointed at your heart. If you do that, you will be a better driver. There will be fewer accidents but when they happen, they will be fatal.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Like
Driving
Pointed
Car
Fatal
Large
Driver
Amount
Wheel
Happen
Drivers
Dagger
Happens
Wheels
Daggers
Better
Fewer
Leverage
Heart
Accidents
Steering

More quotes by Warren Buffett

Image
I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And what I learn today may be useful to me two years from now. That's really the wonderful thing about investments is your knowledge is cumulative.
Warren Buffett
Image
Money is not everything. Make sure you earn a lot before speaking such nonsense.
Warren Buffett
Image
In my opinion, the entire field of investment management, involving hundreds of billions of dollars, would be more satisfactorily conducted if everyone had a good yardstick for measurement of ability and sensibly applied it.
Warren Buffett
Image
There's not many businesses where someone can come in and offer to cut the price in half and somebody doesn't think about shifting. But that's the nature of the ratings business.
Warren Buffett
Image
You don't need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.
Warren Buffett
Image
You do not adequately protect yourself by being half awake when other are sleeping.
Warren Buffett
Image
Goldman Sachs saying they might be interested in such an investment. I'm familiar with the company. I've known the management, the current management, Jack Welch before Jeff Immelt. I've known him for decades.
Warren Buffett
Image
I've made money over the years by buying into good companies, run by good people, at attractive prices. And I don't try and make it out of buying into the market at one point and selling at another point.
Warren Buffett
Image
The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.
Warren Buffett
Image
You know ... you keep doing the same things and you keep getting the same result over and over again.
Warren Buffett
Image
Good profits simply are not inconsistent with good behavior.
Warren Buffett
Image
Wall Street makes its money on activity. You make your money on inactivity.
Warren Buffett
Image
If past history was all there was to the game, the richest people would be librarians.
Warren Buffett
Image
The best education you can get is investing in yourself, and that doesn't mean college or university.
Warren Buffett
Image
We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.
Warren Buffett
Image
It's much easier to stay out of trouble now than to get out of trouble later.
Warren Buffett
Image
That which is not worth doing at all is not worth doing well.
Warren Buffett
Image
Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
Warren Buffett
Image
I would say that life at 84, I am having as much fun as I've ever had in my life. I mean I get to do what I love every day with the people I love-and it just doesn't get any better than that.
Warren Buffett
Image
The U.S. Treasury has got borrowing costs like nobody else has.
Warren Buffett