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The most important quality for an investor is temperament, not intellect.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Temperament
Investors
Investing
Intellect
Investment
Quality
Important
Buffets
Investor

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The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.
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A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street (a community in which quality control is not prized) will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.
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The rest of the world really likes our stuff pretty well. It's just we buy so damn much of what they produce.
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I've never been very fully employed either but just think of what it's like, you know, to go home with a mortgage payment you know and kids and everything else. My dad had that happen to him in the early '30s.
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Our approach is very much profiting from lack of change rather than from change.
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In the insurance business, there is no statute of limitation on stupidity.
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I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.
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Success is having people love you that you want to have love you.
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If at first you do succeed, quit trying on investing.
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I want to be able to explain my mistakes. This means I do only the things I completely understand.
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The Fed is the greatest hedge fund in history.
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You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes
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Our policy is to concentrate holdings. We try to avoid buying a little of this or that when we are only lukewarm about the business or its price. When we are convinced as to attractiveness, we believe in buying worthwhile amounts.
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Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
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You don't want 300 million Americans putting their money under the mattress.
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Never get too hung up on mistakes.
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Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.
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We always live in an uncertain world. What is certain is that the United States will go forward over time.
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The fundamental basis of above-average performance in the long run is sustainable competitive advantage.
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Focus on your customers and lead your people as though their lives depend on your success.
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