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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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Turnarounds seldom turn.
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I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
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Wide diversification is only required when investors do not understand what they are doing.
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When we went crazy, and we did go crazy on residential real estate, it set things in motion that just - the dominoes started toppling.
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I know that Congress will do the right thing.
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This country is going - be living better ten years from now than it is now. It will be living better in 20 years from now than ten years from now. The ingredients that made this country, you know, the miracle of the world - I mean we had a seven for one improvement in the average American standard of living in the 20th century.
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Forecasts may tell you a great deal about the forecaster they tell you nothing about the future.
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If you have a great manager, you want to pay him very well.
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If you do smart things and use leverage and do one wrong thing along the way, it could wipe you out, because anything times zero is zero. But it's reinforcing when the people around you are doing it successfully, you're doing it successfully, and it's a lot like Cinderella at the ball.
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The rich invest in time, the poor invest in money.
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Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.
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I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.
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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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You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.
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You need a lot of curiosity for a long, long time.
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You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
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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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Success is having people love you that you want to have love you.
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Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices.
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If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.
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