Quote

In the insurance business, there is no statute of limitation on stupidity.

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
Insurance
Limitation
Stupidity
Business
Statute
Statutes

More quotes by Warren Buffett

Image
I've often felt there might be more to be gained by studying business failures than business successes.
Warren Buffett
Image
I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.
Warren Buffett
Image
Look for 3 things in a person. Intelligence, Energy, & Integrity. If they don't have the last one, don't even bother with the first two.
Warren Buffett
Image
I'm sitting with six and a half billion dollars we're going to use to close the Mars-Wrigley deal on October 6. I've got to hand over that six and a half billion on October 6. Now, I have to be very careful about who I leave it in between now and then, because they're expecting that he show up.
Warren Buffett
Image
Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
Warren Buffett
Image
I think the oversight is great, and I think that oversight ought to be devoted almost entirely to the question is this being done at market you know. In other words, you want to make sure that the government isn't investing foolishly. But you don't want to care about which congressional districts it goes to or whether banks get favored over.
Warren Buffett
Image
I'm putting all my money in the Chinese toy market.
Warren Buffett
Image
If you invested in a very low cost index fund - where you don't put the money in at one time, but average in over 10 years -you'll do better than 90% of people who start investing at the same time.
Warren Buffett
Image
Beware [of] the investment activity that produces applause the great moves are usually greeted by yawns.
Warren Buffett
Image
The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem-at a price, you will easily find an obliging counterparty.
Warren Buffett
Image
Buy stocks like you buy your groceries, not like you buy your perfume.
Warren Buffett
Image
A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well
Warren Buffett
Image
There is nothing like writing to force you to think and get your thoughts straight.
Warren Buffett
Image
The best thing I did was choose the right heroes.
Warren Buffett
Image
I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we've seen so much of that in the last 20 years.
Warren Buffett
Image
Benign neglect, bordering on sloth, remains the hallmark of our investment process.
Warren Buffett
Image
Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.
Warren Buffett
Image
You don't have to be a genius to invest well
Warren Buffett
Image
Occasionally, a man must rise above principles.
Warren Buffett
Image
In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.
Warren Buffett