Quote

If you're in a card game and you can't figure out who the patsy is, you're it.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Figure
Figures
Game
Games
Patsy
Card
Cards

More quotes by Warren Buffett

Image
Wild swings in share prices have more to do with the lemming- like behaviour of institutional investors than with the aggregate returns of the company they own.
Warren Buffett
Image
Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
Warren Buffett
Image
I wouldn’t mind going to jail if I had three cellmates who played bridge
Warren Buffett
Image
Accounting is the language of business.
Warren Buffett
Image
I mean, you can explain the fact that these are depressed prices, you know. We think these assets are going to be worth a lot more. And I think that case can be made in certain situations. But I think to just say, you know, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today.
Warren Buffett
Image
I make plenty of mistakes and I'll make plenty more mistakes, too. That's part of the game. You've just got to make sure that the right things overcome the wrong ones.
Warren Buffett
Image
Never invest in a business you can't understand
Warren Buffett
Image
America should stand for more than just wealth.
Warren Buffett
Image
You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right - that's the only thing that makes you right. And if your facts and reasoning are right, you don't have to worry about anybody else.
Warren Buffett
Image
The American economy is going to do fine. But it won't do fine every year and every week and every month. I mean, if you don't believe that, forget about buying stocks anyway... It's a positive-sum game, long term. And the only way an investor can get killed is by high fees or by trying to outsmart the market.
Warren Buffett
Image
If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
Warren Buffett
Image
It's going to be tough because the economy is going to be getting worse for a while. And it might fall off a cliff if this doesn't pass. But nobody will ever know that if it does.
Warren Buffett
Image
Never lie under any circumstances.
Warren Buffett
Image
In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business by tricks of accounting or capital structure. The man claiming to be a financial alchemist may become rich. But gullible investors rather than business achievements will usually be the source of his wealth.
Warren Buffett
Image
Asking for financial advice from a financial planner is like asking a barber if you need a hair cut.
Warren Buffett
Image
You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.
Warren Buffett
Image
You are lucky in life if you have the right heroes. I advise all of you, to the extent you can, to pick out a few heroes
Warren Buffett
Image
What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.
Warren Buffett
Image
It's us fun being a horse when the tractor comes along, or the blacksmith when the car comes along.
Warren Buffett
Image
I'm just lucky to have been in the right place at the right time. Another place, another time, I wouldn't have been as successful. Society enabled me to make my money and my money should go to society.
Warren Buffett