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If you have a harem of 40 women, you never get to know any of them very well.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Harem
Women
Wells
Well
Never

More quotes by Warren Buffett

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The greater the potential for reward in the value portfolio, the less risk there is.
Warren Buffett
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Take the job you would take if you were independently wealthy. You're going to do well at it.
Warren Buffett
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Cash combined with courage in a time of crisis is priceless.
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Knowing what to leave out is just as important as knowing what to focus on.
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Asset values and earning power are the dominant factors affecting the valuation of a controlling interest in a business. Market price, which governs valuation of minority interest positions, is of little or no importance in valuing a controlling interest.
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If anything, taxes for the lower and middle class and maybe even the upper-middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
Warren Buffett
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Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.
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The gross profits in many workouts appear quite small. It's a little like looking for parking meters with some time left on them. However, the predictability coupled with a short holding period produces quite decent average annual rates of return after allowance for the occasional substantial loss.
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I don't have my diploma from the University of Nebraska hanging on my office wall, and I don't have my diploma from Columbia up there either-but I do have my Dale Carnegie graduation certificate proudly displayed.
Warren Buffett
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If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.
Warren Buffett
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Continually challenge and be willing to amend your best loved ideas.
Warren Buffett
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In looking for people to hire, look for three qualities: integrity, intelligence and energy. And if they don't have the first, the other two will kill you.
Warren Buffett
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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.
Warren Buffett
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We continue to make more money when snoring than when active.
Warren Buffett
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My favorite time frame for holding a stock is forever.
Warren Buffett
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Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.
Warren Buffett
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With housing it's something even more dramatic than that, because most people aspire to own their own home.If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year.That's not true of an Internet stock. But it's true of a home.
Warren Buffett
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It is impossible to unsign a contract, so do all your thinking before you sign.
Warren Buffett
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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
Warren Buffett
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Never lie under any circumstances.
Warren Buffett