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Never invest in a business you don't understand.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Invest
Understand
Business
Never

More quotes by Warren Buffett

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My favorite time frame for holding a stock is forever.
Warren Buffett
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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.
Warren Buffett
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People always ask me where they should go to work, and I always tell them to go to work for whom they admire the most.
Warren Buffett
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If you don't make mistakes you can't make decisions.
Warren Buffett
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The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
Warren Buffett
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I have always cautioned partners that I considered three years a minimum in determining whether we were performing.
Warren Buffett
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The American economy is going to do fine. But it won't do fine every year and every week and every month. I mean, if you don't believe that, forget about buying stocks anyway... It's a positive-sum game, long term. And the only way an investor can get killed is by high fees or by trying to outsmart the market.
Warren Buffett
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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
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Money is not everything. Make sure you earn a lot before speaking such nonsense.
Warren Buffett
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If I got any good ideas out of that or I think they're good ideas, I'll be glad to contribute them but the system will probably overdo some other things.
Warren Buffett
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If you are a professional and have confidence, then I would advocate lots of concentration.
Warren Buffett
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If a business does well, the stock eventually follows.
Warren Buffett
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It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
Warren Buffett
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First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.
Warren Buffett
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An ounce of prevention is worth a pound of cure understated.
Warren Buffett
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The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.
Warren Buffett
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The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.
Warren Buffett
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In the insurance business, there is no statute of limitation on stupidity.
Warren Buffett
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We will reject interesting opportunities rather than over-leverage our balance sheet.
Warren Buffett
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We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
Warren Buffett