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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
Tradition
Short
Wisdom
Long
Investing
Traditional

More quotes by Warren Buffett

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The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.
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Continually challenge and be willing to amend your best loved ideas.
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I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one.
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I think I could make you fifty percent a year on one million dollars. No, I know I could. I guarantee that.
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Never ask a barber if you need a haircut.
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In the world of business, the people who are most successful are those who are doing what they love.
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The smarter the journalists are, the better off society is.
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Your money can be inflated away but your knowledge and talent cannot.
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The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.
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What an investor needs is the ability to correctly evaluate selected businesses. Note that word “selected”: You don't have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important knowing its boundaries, however, is vital.
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In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.
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There's not many businesses where someone can come in and offer to cut the price in half and somebody doesn't think about shifting. But that's the nature of the ratings business.
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I look at everything. That's my job. I really do, every day. I think about everything.
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An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.
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Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.
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At age 19, I read a book [The Intelligent Investor] and what I'm doing today, at age 76, is running things through the same thought process I learned from the book I read at 19.
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In business, I look for economic castles protected by unbreachable 'moats'.
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When you're associating with the people that you love, doing what you love, it doesn't get any better than that.
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The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.
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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.
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