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First come the innovators, then come the imitators, then come the idiots.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
First
Imitators
Imitator
Innovators
Idiots
Idiot
Investing
Firsts
Come

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It is more important to say no to an opportunity, than to say yes.
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I get to do what I like to do every single day of the year.
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I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.
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I think any time you couple the term Wall Street with bailout or something like that, you know - I don't like what's going on in Wall Street.
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If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter.
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Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
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Earnings can be pliable as putty when a charlatan heads the company reporting them.
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During inflation, Goodwill is the gift that keeps on giving.
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You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it.
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Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.
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In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.
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You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself
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It is not necessary to do extraordinary things to get extraordinary results.
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