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Investing is forgoing consumption now in order to have the ability to consume more at a later date.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Consumption
Date
Investing
Later
Ability
Order
Consume

More quotes by Warren Buffett

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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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A stock doesn't know that you own it.
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It's better to build than to buy if you can find the right people.
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We only want to link up with people whom we like, admire, and trust. ... We do not wish to join with managers who lack admirable qualities, no matter how attractive the prospects of their business. We've never succeeded in making a good deal with a bad person.
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I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless. I can't run very fast. I'm not particularly strong. I'd probably end up as some wild animal's dinner.
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I learned to go into business only with people whom I like, trust, and admire.
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Energy deregulation will be the largest transfer of wealth in history.
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It's going to be tough because the economy is going to be getting worse for a while. And it might fall off a cliff if this doesn't pass. But nobody will ever know that if it does.
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Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.
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I know what I want to do and it makes sense to get going.
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I checked the actuarial tables, and the lowest death rate is among six-year-olds. So I decided to eat like a six-year-old.
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Cultivate curiosity and strive to become a little wiser every day.
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For some reason, people take their cues from price action rather than from values. What doesn't work is when you start doing things that you don't understand or because they worked last week for somebody else. The dumbest reason in the world to buy a stock is because it's going up.
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Investing requires qualities of temperament way more than it requires qualities of intellect.
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I like to buy things I can understand. I do a lot of research on things.
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You can lose leverage, and it's the only way a smart guy can go broke.
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People who watch their weight, golf scores, and fuel bills seem to shun quantitative evaluation of their investment management skills although it involves the most important client in the world-themselves.
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I mean, in terms of alternatives, some people have suggested for example that why don't we - why isn't America doing what Berkshire Hathaway is doing? Why isn't that a better deal for America?
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Never test the depth of river with both the feet.
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You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason.
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