Quote

If you don't make mistakes you can't make decisions.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Mistakes
Mistake
Decision
Make
Decisions

More quotes by Warren Buffett

Image
Our approach is very much profiting from lack of change rather than from change.
Warren Buffett
Image
A diamond cannot be polished without friction, nor a person perfected without trials. Someone is enjoying shade today because someone planted a tree a long time ago.
Warren Buffett
Image
My favorite time frame for holding a stock is forever.
Warren Buffett
Image
Personally, I really hope I can treat everyone equally. I think I have done a pretty good job so far but I know I can do it better.
Warren Buffett
Image
The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time.
Warren Buffett
Image
The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.
Warren Buffett
Image
If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.
Warren Buffett
Image
We make investment decisions based on our evaluation of the most profitable combination of probabilities.
Warren Buffett
Image
I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.
Warren Buffett
Image
We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
Warren Buffett
Image
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.
Warren Buffett
Image
If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.
Warren Buffett
Image
Does management resist the institutional imperative?
Warren Buffett
Image
No formula in finance tells you that the moat is 28 feet wide and 16 feet deep. That's what drives the academics crazy. They can compute standard deviations and betas, but they can't understand moats.
Warren Buffett
Image
Continually challenge and be willing to amend your best loved ideas.
Warren Buffett
Image
I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.
Warren Buffett
Image
The ability to say no is a tremendous advantage for an investor.
Warren Buffett
Image
We always see shifts in employment. If you think about it, if you go back to 1800, it took 80 percent of the labor force to produce enough food for the country. Now it takes less than 3 percent. Well, the truth is that market systems move people around.
Warren Buffett
Image
I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.
Warren Buffett
Image
Wide diversification is only required when investors do not understand what they are doing.
Warren Buffett