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Well, it may be all right in practice, but it will never work in theory

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Never
Theory
Practice
May
Wells
Well
Right
Work

More quotes by Warren Buffett

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You should look at stocks as small pieces of business.
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I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.
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If you are a professional and have confidence, then I would advocate lots of concentration.
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We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are ignored.
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Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation
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If you own the only newspaper in town, up until the last five years or so, you have pricing power and you didn't have to go to the office.
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There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do.
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Stop trying to predict the direction of the stock market, the economy or elections.
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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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A single year's performance is of minor importance and, good or bad, should never be taken seriously.
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You can't buy what is popular and do well.
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Read 500 pages every day. That's how knowledge works. It builds up like compound interest.
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Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick.
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I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?
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The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.
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Larger sums may be an advantage at some cases and a disadvantage at others.
Warren Buffett
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A hyperactive stock market is the pickpocket of enterprise.
Warren Buffett
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In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.
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While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.
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You’d get very rich if you thought of yourself as having a card with only twenty punches in a lifetime, and every financial decision used up one punch. You’d resist the temptation to dabble. You’d make more good decisions and you’d make more big decisions.
Warren Buffett