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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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If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.
Warren Buffett
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The three most important words in investing...Margin of Safety.
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I measure success by how many people love me. And the best way to be loved is to be lo veable.
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Never invest in a business you don't understand.
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Never ask a barber if you need a haircut.
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I have three boxes on my desk: In, Out, and Too Hard.
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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 choose to work with every single person that I work with. That ends up being the most important factor. I don't interact with people I don't like or admire. That's the key. It's like marrying.
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The fundamental basis of above-average performance in the long run is sustainable competitive advantage.
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In the financial markets I find it easy to predict what will happen and very difficult to predict when it will happen. I think that things were clear during the bubble as to what would happen eventually.
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What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it.
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I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
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The one piece of advice I can give you is, do what turns you on. Do something that if you had all the money in the world, you’d still be doing it. You’ve got to have a reason to jump out of bed in the morning.
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Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.
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He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there.
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When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.
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I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. You need to fill your mind with various competing thoughts and decide which make sense.
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A lot of people disagree with me on this, I believe in mark to market.
Warren Buffett
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Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.
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It makes a difference who the treasury secretary is.
Warren Buffett