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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
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Economic
Derivatives
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Bombs

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What we learn from history is that people don't learn from history.
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My idea of a group decision is to look in the mirror.
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An investor should act as though he had a lifetime decision card with just twenty punches on it.
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It is better to point out your own mistakes than have somebody else do it.
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Never invest in a business you can't understand
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If at first you do succeed, quit trying on investing.
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You are neither right nor wrong because the crowd disagrees with you.
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Writing checks to the IRS that include strings of zeros does not bother me ... Overall, we feel extraordinarily lucky to have been dealt a hand in life that enables us to write large checks to the government rather than one requiring the government to regularly write checks to us-say, because we are disabled or unemployed.
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Long ago, Ben Graham taught me that Price is what you pay value is what you get. Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.
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In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.
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Always invest for the long term.
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Someone's sitting in the shade today because someone planted a tree a long time ago. The person sitting in the shade now should be grateful for the person who planted and tended that tree. That includes all those benefactors of humanity throughout history that created, invented, financed, produced, maintained and improved all that we enjoy today.
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You should look at stocks as small pieces of business.
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I don't want to hold out false hopes that the - by some magic moment, that things will turn around in a couple months because they wouldn't, Charlie. I mean, and it's a big mistake to try and mislead people.
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You're dealing with a lot of silly people in the marketplace it's like a great big casino and everyone else is boozing. If you can stick with Pepsi, you should be OK.
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In economics, you always want to ask 'And then what?'
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You should invest like a Catholic marries: for life.
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We have a country where I don't know whether it's a million households a year or more, but good form.
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