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Investing requires qualities of temperament way more than it requires qualities of intellect.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Temperament
Qualities
Investing
Intellect
Requires
Quality
Way

More quotes by Warren Buffett

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Investing is the greatest business in the world because you never have to swing. You stand at the plate the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity. All day you wait for the pitch you like then, when the fielders are asleep, you step up and hit it.
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The Stock Market is designed to transfer money from the Active to the Patient.
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If you're in a card game and you can't figure out who the patsy is, you're it.
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Never depend on a single source of income.
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In my opinion, the entire field of investment management, involving hundreds of billions of dollars, would be more satisfactorily conducted if everyone had a good yardstick for measurement of ability and sensibly applied it.
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This economy doesn't work well without the lubrication of credit and trust.
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We've had public companies in the past in that business and they bleed. We've got a lot more blood than they do.
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The extraordinary business does not require good management.
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Somebody's buying these treasury bills at 1/20th of one percent. Consuming about $2 billion a day of goods and services beyond what we're producing. In other words, the rest of the world sends about $2 billion a day net of something.We got to send them something in return, don't we. So we send them little pieces of paper.
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I measure success by how many people love me. And the best way to be loved is to be lo veable.
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A very rich person should leave his kids enough to do anything, but not enough to do nothing.
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I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.
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Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.
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The only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: I'll buy a million dollars' worth of love. But it doesn't work that way. The more you give love away, the more you get.
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What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have opponents who have been taught that thinking is a waste of energy?
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Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices
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The Happiest people DO NOT necessarily have the BEST THINGS. They simply APPRECIATE the things they have.
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Confidence in markets and in institutions, it's a lot like oxygen. When you have it, you don't even think about it. It's indispensable. You can go years without thinking about it. When it's gone for five minutes, it's the only thing to think about.
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When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience.
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The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.
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