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... but the important thing is that when you do find one where you really do know what you are doing, you must buy in quantity.... Charlie and I have made a dozen or so very big decisions relative to net worth, although not as big as they should have been. And in each of those, we've known that we were almost certain to be right going in.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Really
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More quotes by Warren Buffett

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With enough insider information and a million dollars, you can go broke in a year.
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I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.
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I bought a company in the mid-90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.
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The important thing is to keep playing, to play against weak opponents and to play for big stakes.
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In the business world, the rearview mirror is always clearer than the windshield.
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The stockmarket is a semi-psychotic creature given to extremes of elation and despair.
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The American worker is more productive than he's ever been.
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There is no question we have an access stock.
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Somebody's buying these treasury bills at 1/20th of one percent. Consuming about $2 billion a day of goods and services beyond what we're producing. In other words, the rest of the world sends about $2 billion a day net of something.We got to send them something in return, don't we. So we send them little pieces of paper.
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I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need.
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Very successful people say no to almost everything.
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In a commodity business, it's very hard to be smarter than your dumbest competitor.
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Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
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Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.
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Time is the friend of the wonderful company, the enemy of the mediocre.
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People should always know better.
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In my opinion, the entire field of investment management, involving hundreds of billions of dollars, would be more satisfactorily conducted if everyone had a good yardstick for measurement of ability and sensibly applied it.
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As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.
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Derivatives are financial weapons of mass destruction.
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