Quote

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

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

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

Image
[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.
Warren Buffett
Image
You can't stand to see your neighbor getting rich. You know you're smarter than he is and he's doing these things and he's getting rich.
Warren Buffett
Image
We've got a wonderful economic formula in this country.
Warren Buffett
Image
When we went crazy, and we did go crazy on residential real estate, it set things in motion that just - the dominoes started toppling.
Warren Buffett
Image
Long ago, Ben Graham taught me that Price is what you pay value is what you get. Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.
Warren Buffett
Image
We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
Warren Buffett
Image
I can do anything I want, basically, as long as it doesn't involve athletic ability, or something like that.
Warren Buffett
Image
We're still in a recession. We're not gonna be out of it for a while, but we will get out.
Warren Buffett
Image
Just imagine living on 21,000 a year. I mean you have 20 percent of the population doing that. So you don't have to worry about guys like me.
Warren Buffett
Image
It is to our advantage to have securities do nothing price-wise for months, or perhaps years, while we are buying them.
Warren Buffett
Image
If anything, taxes for the lower and middle class and maybe even the upper-middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
Warren Buffett
Image
Having a large amount of leverage is like driving a car with a dagger on the steering wheel pointed at your heart. If you do that, you will be a better driver. There will be fewer accidents but when they happen, they will be fatal.
Warren Buffett
Image
Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem.
Warren Buffett
Image
In the insurance business, there is no statute of limitation on stupidity.
Warren Buffett
Image
Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses
Warren Buffett
Image
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
Image
Our favorite holding period is forever.
Warren Buffett
Image
Well, it may be all right in practice, but it will never work in theory
Warren Buffett
Image
Market price, while used exclusively to value our investments in minority positions, is not a relevant factor when applied to our controlling interests.
Warren Buffett
Image
If you want your business to survive for 100 years, you've got to make it through every single day for 100 years. It's not enough to do it 99.9% of the time.
Warren Buffett