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If you're in a card game and you can't figure out who the patsy is, you're 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
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More quotes by Warren Buffett

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Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.
Warren Buffett
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Bad terminology is the enemy of good thinking.
Warren Buffett
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Be fearful when there is greed and be greedy when there is fear.
Warren Buffett
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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
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I may have more money than you, but money doesn't make the difference. If there is any difference between you and me, it may simply be that I get up and have a chance to do what I love to do, every day. If you learn anything from me, this is the best advice I can give you.
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Inactivity strikes us as intelligent behavior.
Warren Buffett
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So if you are evaluating others (or yourself!) in the investment field, think out some standards - apply them - interpret them.
Warren Buffett
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Look for companies with high profit margins.
Warren Buffett
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AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over 200 billion, the most respected insurer and everything in the world.
Warren Buffett
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I'm not worried they're all about the investments we make. I mean, listen, this country - we've got $46,000 or $47,000 of GDP per capita. Now, we've done pretty darn well. We'll do better in the future.
Warren Buffett
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My friends and I have been coddled long enough by a billionaire-friendly Congress.
Warren Buffett
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Never risk what you have and need for what we don't have and don't need.
Warren Buffett
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Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.
Warren Buffett
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Enjoy your work and work for whom you admire.
Warren Buffett
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The dumbest reason in the world to buy a stock is because it's going up.
Warren Buffett
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I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.
Warren Buffett
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Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.
Warren Buffett
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The stockmarket is a semi-psychotic creature given to extremes of elation and despair.
Warren Buffett
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A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.
Warren Buffett
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We don't have to be smarter than the rest. We have to be more disciplined than the rest.
Warren Buffett