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If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Wells
Approaching
Well
Operating
Competence
Recognizing
Circle
Circles
Strength
Within
Perimeter

More quotes by Warren Buffett

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I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.
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You know, with your money and my brains, I mean, there's no telling how far we'd go.
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Success is having people love you that you want to have love you.
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I have a house that I bought 55 years ago. It's warm in the winter it's cool in the summer. It has everything I wanted, plus it has all kinds of good memories. Like my kids, I have good thoughts about that. I can't imagine living any better.
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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.
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I mean, you can explain the fact that these are depressed prices, you know. We think these assets are going to be worth a lot more. And I think that case can be made in certain situations. But I think to just say, you know, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today.
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In one way, I'm sympathetic to the institutional reluctance to face the music. I'd give a lot to mark my weight to 'model' rather than to 'market.'
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I would rather sustain the penalties resulting from over-conservatism than face the consequences of error, perhaps with permanent capital loss, resulting from the adoption of New Era philosophy where trees really do grow to the sky.
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Managers that always promise to 'make the numbers' will at some point be tempted to make up the numbers.
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Do not save what is left after spending, but spend what is left after saving.
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If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.
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It's better to build than to buy if you can find the right people.
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It's very important that the determination of the US Congress to do what is is needed be made evident this week and by the actions of most of the members. I mean, you're not going to get total assent.
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All I have to do is think and not be influenced by others.
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An investor needs to do very few things right as long as he or she avoids big mistakes.
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We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'
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I really like my life. I've arranged my life so that I can do what I want.
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Businesses always have opportunities to improve service, product lines, manufacturing techniques, and the like, and obviously these opportunities should be seized. But a business that constantly encounters major change also encounters many chances for major error
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Don't settle for anything other than your passion - if you're lucky enough to find it.
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It's good to learn from your mistakes. It's better to learn from other people's mistakes.
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