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Every company that has an economist working for him has one employee too many.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Working
Many
Every
Economist
Employee
Company

More quotes by Warren Buffett

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Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.
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We always live in an uncertain world. What is certain is that the United States will go forward over time.
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I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular field, but thought he should work for McKinsey for a few years first to add to his resume. To me that's like saving sex for your old age. It makes no sense.
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We all make mistakes. If you can't make mistakes, you can't make decisions. I've made a lot bigger mistakes myself.
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Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis.
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A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth.
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If you can tell me who your heroes are, I can tell you how you're going to turn out in life.
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Writing a check separates a commitment from a conversation.
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It's never paid to bet against America. We come through things, but its not always a smooth ride.
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The extraordinary business does not require good management.
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The real fortunes in this country have been made by people who have been right about the business they invested in, and not right about the timing of the stock market.
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The greater the potential for reward in the value portfolio, the less risk there is.
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If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isn’t necessary you only need to understand the actions you undertake.
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If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.
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I think the FDIC was one of the great inventions of the American.
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Wild swings in share prices have more to do with the lemming- like behaviour of institutional investors than with the aggregate returns of the company they own.
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If you don't make mistakes you can't make decisions.
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If a business does well, the stock eventually follows.
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The three most important words in investing...Margin of Safety.
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People should always know better.
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