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Continually challenge and be willing to amend your best loved ideas.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Challenges
Best
Ideas
Amend
Continually
Challenge
Loved
Willing

More quotes by Warren Buffett

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The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.
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I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.
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To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. You must supply the emotional discipline.
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Enjoy your work and work for whom you admire.
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I don't like what's going on with the executive compensation.
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If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.
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In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.
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Risk comes from not knowing what you're doing.
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You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don't swing for the fences.
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I did not think I would see the day when, you know, an AIG would not be able to have its checks clear.
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When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.
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I think any time you couple the term Wall Street with bailout or something like that, you know - I don't like what's going on in Wall Street.
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If I subscribed to the efficient market theory I would still be delivering papers
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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.
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If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich.
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If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
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Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.
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We like to buy businesses, but we don't like to sell them.
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Money will not change how healthy you are or how many people love you.
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Diversification is protection against ignorance. It makes little sense if you know what you are doing.
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