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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
Way
Temperament
Qualities
Investing
Intellect
Requires
Quality

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Earnings can be pliable as putty when a charlatan heads the company reporting them.
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Good profits simply are not inconsistent with good behavior.
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Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.
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What's going to happen - things we're doing are going to have some inflationary consequences.
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I'm just lucky to have been in the right place at the right time. Another place, another time, I wouldn't have been as successful. Society enabled me to make my money and my money should go to society.
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It's class warfare, my class is winning, but they shouldn't be.
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Money is not everything. Make sure you earn a lot before speaking such nonsense.
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The smarter the journalists are, the better off society is.
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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.
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Continually challenge and be willing to amend your best loved ideas.
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You can be sure that over the next 10 years, you'll see something that you did not think was possible.
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SUPPOSE that an investor you admire and trust comes to you with an investment idea. This is a good one, he says enthusiastically. I'm in it, and I think you should be, too.
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Wide diversification is only required when investors do not understand what they are doing.
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Writing checks to the IRS that include strings of zeros does not bother me ... Overall, we feel extraordinarily lucky to have been dealt a hand in life that enables us to write large checks to the government rather than one requiring the government to regularly write checks to us-say, because we are disabled or unemployed.
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At this point, when treasury bills, seven day treasury bills at 1/20th of one percent, it's not because people want to earn 1/20th of one percent, it's because they trust the fact the treasury will give it back to them next week.
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Energy deregulation will be the largest transfer of wealth in history.
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I want to be able to explain my mistakes. This means I do only the things I completely understand.
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Having a large amount of leverage is like driving a car with a dagger on the steering wheel pointed at your heart. If you do that, you will be a better driver. There will be fewer accidents but when they happen, they will be fatal.
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You can lose leverage, and it's the only way a smart guy can go broke.
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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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