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Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Around
Play
Worthiness
Like
Restored
Virginity
Preserved
Easily
Credit
Crazy

More quotes by Warren Buffett

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A bull market is like sex. It feels best just before it ends.
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People do, as long as you have markets, you'll have excesses.
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I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.
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Making money isn't the backbone of our guiding purpose making money is the by-product of our guiding purpose. If you're doing something you love, you're more likely to put your all into it, and that generally equates to making money
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A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.
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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
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If you hit a hole in one every hole, you wouldn’t play golf for very long.
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I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.
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If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.
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But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.
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I think people - what people want to do is make [economy] get worse.
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If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.
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If you want to soar like an eagle in life, you can't be flocking with the turkeys.
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Traditional wisdom is long on tradition and short on wisdom.
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I think that actually people in my situation should be paying more tax.
Warren Buffett
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Would you rather be the world's greatest lover, but have everyone think you're the world's worst lover? Or would you rather be the world's worst lover but have everyone think you're the world's greatest lover? Now, that's an interesting question.
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Forecasts usually tell us more of the forecaster than of the forecast
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An investor needs to do very few things right as long as he or she avoids big mistakes.
Warren Buffett
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A very rich person should leave his kids enough to do anything, but not enough to do nothing.
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The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
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