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A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Need
Many
Owning
Great
Fortunes
Needs
Fortune
Made
Single
World
Wonderful
Understand
Business

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Either they're trying to con you or they're trying to con themselves.
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You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason.
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Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.
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The truth is, everything that has happened in my life... that I thought was a crushing event at the time, has turned out for the better.
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I'd rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.
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I don't know that I could draw one that's perfect. But I'd rather by approximately right than precisely wrong, and it would be precisely wrong to turn it down.
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The U.S. Treasury has got borrowing costs like nobody else has.
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If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
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There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do.
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Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.
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In the insurance business, there is no statute of limitation on stupidity.
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It's a big mistake to try and mislead people. They will turn around.
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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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A bull market is like sex. It feels best just before it ends.
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It is madness to risk losing what you need in pursuing what you simply desire.
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Look at market fluctuations as your friend rather than your enemy profit from folly rather than participate in it.
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There is no question we have an access stock.
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I have a wonderful family. I have a job that I love and wonderful people who help me with it. It can't get any better than that.
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