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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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Bombs
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Deals
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System
Economic
Derivatives

More quotes by Warren Buffett

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The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time.
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Nevertheless, as circumstances presently appear, I feel substantially greater size is more likely to harm future results than to help them. This might not be true for my own personal results, but it is likely to be true for your results.
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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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In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't.
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If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isn’t necessary you only need to understand the actions you undertake.
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Always invest for the long term.
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We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'
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The U.S. Treasury has got borrowing costs like nobody else has.
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Just imagine living on 21,000 a year. I mean you have 20 percent of the population doing that. So you don't have to worry about guys like me.
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In business, I look for economic castles protected by unbreachable 'moats'.
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Making money isn't the backbone of our guiding purpose it is the by-product of our guiding purpose.
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He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there.
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I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.
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For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.
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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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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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A lot of people disagree with me on this, I believe in mark to market.
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Only when the tide goes out do you discover who's been swimming naked.
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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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If you don't find a way to make money while you sleep, you will work until you die.
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