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If you want to shoot rare, fast-moving elephants, you should always carry a loaded gun.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Always
Elephants
Rare
Shoot
Investing
Gun
Carry
Fast
Moving
Loaded

More quotes by Warren Buffett

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Be fearful when there is greed and be greedy when there is fear.
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We're perfectly willing to trade away a big payoff for a certain payoff.
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I made my first investment at age eleven. I was wasting my life up until then.
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The most dangerous distractions are the ones you love, but that don’t love you back.
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In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.
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I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say.
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If you don't know jewelry, know the jeweler.
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Every company that has an economist working for him has one employee too many.
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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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Derivatives are financial weapons of mass destruction.
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... not doing what we love in the name of greed is very poor management of our lives.
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I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.
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Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.
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If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.
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Businesses always have opportunities to improve service, product lines, manufacturing techniques, and the like, and obviously these opportunities should be seized. But a business that constantly encounters major change also encounters many chances for major error
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I know that Congress will do the right thing.
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Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.
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I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.
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Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying we're going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent. Only in Grover Norquist's imagination does such a response exist.
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I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And what I learn today may be useful to me two years from now. That's really the wonderful thing about investments is your knowledge is cumulative.
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