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I view derivatives as time bombs, both for the parties that deal in them and the economic system.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Economic
Derivatives
Party
Bombs
Time
Parties
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Deal
Deals
Views
System

More quotes by Warren Buffett

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Forecasts may tell you a great deal about the forecaster they tell you nothing about the future.
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A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling.
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We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are ignored.
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Wide diversification is only required when investors do not understand what they are doing.
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I have no idea on timing. It’s easier to tell what will happen than when it will happen. I would say that what is going on in terms of trade policy is going to have very important consequences.
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Our favorite holding period is forever.
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We will only do with your money what we would do with our own.
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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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Personally, I really hope I can treat everyone equally. I think I have done a pretty good job so far but I know I can do it better.
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I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.
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If you hit a hole in one every hole, you wouldn’t play golf for very long.
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Investing is simple, but not easy.
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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 don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.
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I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
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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.
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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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It's easy to identify many investment managers with great recent records. But past results, though important, do not suffice when prospective performance is being judged. How the record has been achieved is crucial.
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Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
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As far as you are concerned, the stock market does not exist. Ignore it.
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