Quote

I want to be able to explain my mistakes. This means I do only the things I completely understand.

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
Things
Explain
Mistakes
Completely
Mistake
Understand
Means
Able
Mean

More quotes by Warren Buffett

Image
I don't like what's going on with the executive compensation.
Warren Buffett
Image
I think that trying to invest through 535 people is a tough job, you know, and so I would give more latitude.
Warren Buffett
Image
I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.
Warren Buffett
Image
The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.
Warren Buffett
Image
The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.
Warren Buffett
Image
You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.
Warren Buffett
Image
There is no substitute for a local newspaper that is doing its job.
Warren Buffett
Image
In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.
Warren Buffett
Image
You should invest in a business that even a fool can run, because someday a fool will.
Warren Buffett
Image
I would rather sustain the penalties resulting from over-conservatism than face the consequences of error, perhaps with permanent capital loss, resulting from the adoption of New Era philosophy where trees really do grow to the sky.
Warren Buffett
Image
The advice you never go broke taking a profit is foolish.
Warren Buffett
Image
At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgments made by a risk committee or chief risk officer.
Warren Buffett
Image
The most dangerous distractions are the ones you love, but that don’t love you back.
Warren Buffett
Image
When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a break requires - now or down the line - that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can't deliver a free lunch to the country as a whole. It can however, determine who pays for lunch.
Warren Buffett
Image
You are neither right nor wrong because the crowd disagrees with you.
Warren Buffett
Image
Energy deregulation will be the largest transfer of wealth in history.
Warren Buffett
Image
I have a house that I bought 55 years ago. It's warm in the winter it's cool in the summer. It has everything I wanted, plus it has all kinds of good memories. Like my kids, I have good thoughts about that. I can't imagine living any better.
Warren Buffett
Image
A lot of people disagree with me on this, I believe in mark to market.
Warren Buffett
Image
I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc.
Warren Buffett
Image
The value of a business is the cash it's going to produce in the future.
Warren Buffett