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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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This country is going - be living better ten years from now than it is now. It will be living better in 20 years from now than ten years from now. The ingredients that made this country, you know, the miracle of the world - I mean we had a seven for one improvement in the average American standard of living in the 20th century.
Warren Buffett
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The Happiest people DO NOT necessarily have the BEST THINGS. They simply APPRECIATE the things they have.
Warren Buffett
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I don't really think that, as a society, we [americans] want to confer blessings on generation after generation who contribute nothing to society, simply because somebody in the far distant past happened to amass a great sum of wealth.
Warren Buffett
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Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices
Warren Buffett
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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Warren Buffett
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Stocks of companies selling commodity-like products should come with a warning label: Competition may prove hazardous to human wealth.
Warren Buffett
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The one piece of advice I can give you is, do what turns you on. Do something that if you had all the money in the world, you’d still be doing it. You’ve got to have a reason to jump out of bed in the morning.
Warren Buffett
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You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.
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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What the wise do in the beginning, fools do in the end.
Warren Buffett
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The first rule is not to lose. The second rule is not to forget the first rule.
Warren Buffett
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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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Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.
Warren Buffett
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I am not in the business of predicting general stock market of business fluctuations. If you think I can do this, or think it is essential to an investment program, you should not be in the partnership.
Warren Buffett
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I mean [Franklin Delano] Roosevelt didn't - you know, when he came in, he didn't print any money.
Warren Buffett
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Fear is the foe of the faddist, but the friend of the fundamentalist.
Warren Buffett
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It's the deleveraging that's going on right now that has caused the credit crisis.
Warren Buffett
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The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.
Warren Buffett
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Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.
Warren Buffett
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I don't want to hold out false hopes that the - by some magic moment, that things will turn around in a couple months because they wouldn't, Charlie. I mean, and it's a big mistake to try and mislead people.
Warren Buffett