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I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Business
Running
Country
Stock
Good
Sooner
Always
Idiot
Like
Investing
Later
Company

More quotes by Warren Buffett

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I have a wonderful family. I have a job that I love and wonderful people who help me with it. It can't get any better than that.
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If you can't communicate and talk to other people and get across your ideas, you're giving up your potential.
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The best thing I did was choose the right heroes.
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There are certain things that cannot be adequately explained to a virgin either by words or pictures.
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The dumbest reason in the world to buy a stock is because it's going up.
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Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.
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I've never been very fully employed either but just think of what it's like, you know, to go home with a mortgage payment you know and kids and everything else. My dad had that happen to him in the early '30s.
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...I will give you two pieces of advice. Invest as much in yourself as you can you are your own best asset by far. Then follow your passion you want to be really excited to get out of bed every morning.
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All but a few of the organizations do not specifically promise to deliver superior investment performance although it is perhaps not unreasonable for the public to draw such an inference from their advertised emphasis on professional management.
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You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.
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I think what people understand there probably - well, they were hoping the private sector would do it [rescuing AIG ].
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In looking for people to hire, look for three qualities: integrity, intelligence and energy. And if they don't have the first, the other two will kill you.
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I would rather sustain the penalties resulting from over-conservatism than face the consequences of error, perhaps with permanent capital loss, resulting from the adoption of New Era philosophy where trees really do grow to the sky.
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There is no staff. I make all the investment decisions and I do all my own analysis.
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It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
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The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem-at a price, you will easily find an obliging counterparty.
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Charlie and I have a number of filters that things have to get through before we'll think about them.
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I am a better investor because I am a businessman, and a better businessman because I am no investor.
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It's much easier to stay out of trouble now than to get out of trouble later.
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Stocks of companies selling commodity-like products should come with a warning label: Competition may prove hazardous to human wealth.
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