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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
Innovators
Idiots
Idiot
Investing
Firsts
Come
First
Imitators
Imitator

More quotes by Warren Buffett

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If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.
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Continually challenge and be willing to amend your best loved ideas.
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Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
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Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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Our marketable equities tell us by their operating results - not by their daily, or even yearly, price quotations - whether our investments are successful. The market may ignore business success for a while, but eventually will confirm it.
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The best asset is your own self. You can become to an enormous degree the person you want to be
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If you hit a hole in one every hole, you wouldn’t play golf for very long.
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My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.
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Knowing what to leave out is just as important as knowing what to focus on.
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I think confidence will come back.
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Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting-based frauds of staggering size. Few of the perpetrators have been punished many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun.
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I do know that when I am 60, I should be attempting to achieve different personal goals than those which had priority at age 20.
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While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.
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We also believe candour benefits us as managers. The CEO who misleads often in public eventually misleads himself in private.
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If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.
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... not doing what we love in the name of greed is very poor management of our lives.
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Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if you call a tail a leg? The answer: Four, because calling a tail a leg doesn't make it a leg.
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I look for businesses in which I think I can predict what they're going to look like in ten to fifteen years time. Take Wrigley's chewing gum. I don't think the internet is going to change how people chew gum.
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He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there.
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When people talk about cash being king, it's not king if it just sits there and never does anything.
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