Quote

Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Point
Speculation
Ends
Trends
Doe
Fundamentals
Men
Driven
Like
Beginning
Fool
Wise
Takes

More quotes by Warren Buffett

Image
If you're extremely rich, and you have got children, my theory was, you give them enough so they can do anything, but not enough so they can do nothing.
Warren Buffett
Image
Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if you call a tail a leg? The answer: Four, because calling a tail a leg doesn't make it a leg.
Warren Buffett
Image
If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?
Warren Buffett
Image
Personally, I really hope I can treat everyone equally. I think I have done a pretty good job so far but I know I can do it better.
Warren Buffett
Image
You can't make a good deal with a bad person.
Warren Buffett
Image
Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.
Warren Buffett
Image
When people talk about cash being king, it's not king if it just sits there and never does anything.
Warren Buffett
Image
If you can't communicate and talk to other people and get across your ideas, you're giving up your potential.
Warren Buffett
Image
We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own assets.
Warren Buffett
Image
It is unquestionably true that the investment companies have their money more conventionally invested than we do. To many people conventionality is indistinguishable from conservatism. In my view, this represents erroneous thinking. Neither a conventional nor an unconventional approach, per se, is conservative.
Warren Buffett
Image
It's class warfare, my class is winning, but they shouldn't be.
Warren Buffett
Image
The most important quality for an investor is temperament, not intellect.
Warren Buffett
Image
As an investor with small capital, one should prefer businesses that have high returns on capital and that require little incremental investment to grow.
Warren Buffett
Image
Derivatives are financial weapons of mass destruction.
Warren Buffett
Image
We make investment decisions based on our evaluation of the most profitable combination of probabilities.
Warren Buffett
Image
Be brave when others are afraid, and afraid when others are brave.
Warren Buffett
Image
The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
Warren Buffett
Image
Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow.
Warren Buffett
Image
Fund consultants like to require style boxes such as long-short, macro, international equities. At Berkshire our only style box is smart.
Warren Buffett
Image
We also believe candour benefits us as managers. The CEO who misleads often in public eventually misleads himself in private.
Warren Buffett