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Never depend on a single source of income.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Source
Single
Never
Depend
Income
Depends

More quotes by Warren Buffett

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If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.
Warren Buffett
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I would say that an RFC-like thing might make sense. I probably would do it myself. But I don't think trying to combine that with what's going through now, I think what is needed now is liquidity.
Warren Buffett
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We've got more productive capacity now than we ever have.
Warren Buffett
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The best thing I did was choose the right heroes.
Warren Buffett
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When you combine ignorance and leverage, you get some pretty interesting results.
Warren Buffett
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You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason.
Warren Buffett
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When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
Warren Buffett
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So some guy may know how to make money in cocoa beans, but I don't so I just let him have that. But it's got to be something I understand. It's got to be a business with fundamentally good economics. It's got to be a management that I like and trust and admire. And it's got to be a price that makes sense.
Warren Buffett
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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.
Warren Buffett
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What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have opponents who have been taught that thinking is a waste of energy?
Warren Buffett
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Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich.
Warren Buffett
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If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
Warren Buffett
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In looking for people to hire, look for three qualities: integrity, intelligence and energy. And if they don't have the first, the other two will kill you.
Warren Buffett
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You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
Warren Buffett
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The financial calculus that Charlie and I employ would never permit our trading a good night's sleep for a shot at a few extra percentage points of return. I've never believed in risking what my friends and family have and need in order to pursue what they don't have and don't need.
Warren Buffett
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Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.
Warren Buffett
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Sound investing can make you very wealthy if you're not in too big a hurry
Warren Buffett
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Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.
Warren Buffett
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The patient that's on the floor with the cardiac arrest is not Wall Street. It's the American economy.
Warren Buffett
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What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.
Warren Buffett