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Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.

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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American
Investing
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Littles
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...I will give you two pieces of advice. Invest as much in yourself as you can you are your own best asset by far. Then follow your passion you want to be really excited to get out of bed every morning.
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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.
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Government can't deliver a free lunch to the country as a whole. It can, however, determine who pays for lunch. And last week the Senate handed the bill to the wrong party... the poor and middle class.
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Bull markets and Bear markets can obscure mathematical laws, they cannot repeal them.
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We don't read other people's opinions. We want to get the facts, and then think.
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In the end we must have people to match our principles, not the reverse.
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Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.
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If book knowledge made great investors, than the librarians would all be rich.
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We can afford to lose money - even a lot of money. But we can't afford to lose reputation - even a shred of reputation.
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I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.
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You get what I call the natural progression, the three Is. The innovators, the imitators, and the idiots.
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Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it's the lack of change that appeals to me. I don't think it is going to be hurt by the Internet. That's the kind of business I like.
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We have long felt that the only value of stock forecasters is to make fortune-tellers look good.
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Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.
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Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.
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The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.
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I did not think I would see the day when, you know, an AIG would not be able to have its checks clear.
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The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.
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The most important quality for an investor is temperament, not intellect.
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I don't like what's going on with the executive compensation.
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