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Traditional wisdom is long on tradition and short on wisdom.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Investing
Traditional
Tradition
Short
Wisdom
Long

More quotes by Warren Buffett

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It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.
Warren Buffett
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You can't produce a baby in one month by getting nine women pregnant.
Warren Buffett
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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.
Warren Buffett
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We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
Warren Buffett
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I wouldn’t mind going to jail if I had three cellmates who played bridge
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Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.
Warren Buffett
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There is no staff. I make all the investment decisions and I do all my own analysis.
Warren Buffett
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Investing is not as tough as being a top-notch bridge player. All it takes is the ability to see things as they really are.
Warren Buffett
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When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.
Warren Buffett
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Never depend on a single source of income.
Warren Buffett
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Buy a business, don't rent stocks.
Warren Buffett
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I think that actually people in my situation should be paying more tax.
Warren Buffett
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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.
Warren Buffett
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A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.
Warren Buffett
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You don't need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.
Warren Buffett
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The ability to say no is a tremendous advantage for an investor.
Warren Buffett
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Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we're trying to do. It's imperfect, but that's what it's all about.
Warren Buffett
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The most important quality for an investor is temperament, not intellect.
Warren Buffett
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If you buy things you do not need, soon you will have to sell things you need.
Warren Buffett
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It is to our advantage to have securities do nothing price-wise for months, or perhaps years, while we are buying them.
Warren Buffett