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In one way, I'm sympathetic to the institutional reluctance to face the music. I'd give a lot to mark my weight to 'model' rather than to 'market.'
Warren Buffett
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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
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More quotes by Warren Buffett
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Only when you combine sound intellect with emotional discipline do you get rational behavior.
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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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Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we're trying to do. It's imperfect, but that's what it's all about.
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I am a better investor because I am a businessman, and a better businessman because I am no investor.
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I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter.
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How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.
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