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When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Company
Understand
Look
Looks
Annuals
Take
Annual
Report
Reports

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Never get too hung up on mistakes.
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Every day that goes by, I mean, if you don't react to Pearl Harbor for a week or two weeks or three weeks, you're behind in the war that you otherwise would have fought.
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We will reject interesting opportunities rather than over-leverage our balance sheet.
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It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.
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A hyperactive stock market is the pickpocket of enterprise.
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I think what people understand there probably - well, they were hoping the private sector would do it [rescuing AIG ].
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Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
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We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.
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I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless. I can't run very fast. I'm not particularly strong. I'd probably end up as some wild animal's dinner.
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Beware [of] the investment activity that produces applause the great moves are usually greeted by yawns.
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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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Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.
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The smarter the journalists are, the better off society is.
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The real fortunes in this country have been made by people who have been right about the business they invested in, and not right about the timing of the stock market.
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Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.
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We would do best in a market where everyone acted foolishly.
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it's a good idea to review past mistakes before committing new ones.
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Occasionally, a man must rise above principles.
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Mr. Market is your servant, not your guide.
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Uncertainty is the friend of the buyer of long term values.
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