Quote

Investment must be rational if you can't understand it, don't do it.

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
Understand
Must
Rational
Investment

More quotes by Warren Buffett

Image
House prices just soared beyond - beyond reason in many places and they got financed in silly ways, and people lied about loans, all kinds of accesses entered into it. But that is what - that is the single biggest cause of why we're here.
Warren Buffett
Image
With housing it's something even more dramatic than that, because most people aspire to own their own home.If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year.That's not true of an Internet stock. But it's true of a home.
Warren Buffett
Image
The best thing I did was choose the right heroes.
Warren Buffett
Image
An investor should act as though he had a lifetime decision card with just twenty punches on it.
Warren Buffett
Image
The most important thing in terms of your circle of competence is not how large the area of it is, but how well you've defined the perimeter.
Warren Buffett
Image
I may have more money than you, but money doesn't make the difference. If there is any difference between you and me, it may simply be that I get up and have a chance to do what I love to do, every day. If you learn anything from me, this is the best advice I can give you.
Warren Buffett
Image
No formula in finance tells you that the moat is 28 feet wide and 16 feet deep. That's what drives the academics crazy. They can compute standard deviations and betas, but they can't understand moats.
Warren Buffett
Image
Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.
Warren Buffett
Image
The future is never clear you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.
Warren Buffett
Image
I don't like what's going on with the executive compensation.
Warren Buffett
Image
In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.
Warren Buffett
Image
You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not stocks, and if the business does all right over the long term, so will the stock.
Warren Buffett
Image
We need a tax system that essentially takes very good care of the people who just really aren't as well adapted to the market system but are nevertheless doing useful things in the society.
Warren Buffett
Image
If you can eliminate the government as a 39.6% partner, then you will be much better off.
Warren Buffett
Image
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
Warren Buffett
Image
In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.
Warren Buffett
Image
You can't buy what is popular and do well.
Warren Buffett
Image
If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.
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
Buy companies with strong histories of profitability and with a dominant business franchise.
Warren Buffett