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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
Good
Sooner
Always
Idiot
Like
Investing
Later
Company
Business
Running
Country
Stock

More quotes by Warren Buffett

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The value of a business is the cash it's going to produce in the future.
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Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
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You know, with your money and my brains, I mean, there's no telling how far we'd go.
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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.
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The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.
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In the world of business, the people who are most successful are those who are doing what they love.
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You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don't swing for the fences.
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The only time to buy these is on a day with no 'y' in it.
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Investing is the greatest business in the world because you never have to swing. You stand at the plate the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity. All day you wait for the pitch you like then, when the fielders are asleep, you step up and hit it.
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Asking for financial advice from a financial planner is like asking a barber if you need a hair cut.
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I've never been very fully employed either.
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Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses
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In a commodity business, it's very hard to be smarter than your dumbest competitor.
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The thing to do is to keep your mind when the world around you is losing theirs.
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Lethargy, bordering on sloth should remain the cornerstone of an investment style.
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If you want your business to survive for 100 years, you've got to make it through every single day for 100 years. It's not enough to do it 99.9% of the time.
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Observing that the market was FREQUENTLY efficient, EMT Adherents went on to conclude incorrectly that it was ALWAYS efficient. The difference between these propositions is night and day.
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Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
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The dumbest reason in the world to buy a stock is because it's going up.
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Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
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