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I always invest in companies an idiot could run, because one day one will.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Idiot
Companies
Company
Running
Always
Invest

More quotes by Warren Buffett

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Someone's sitting in the shade today because someone planted a tree a long time ago. The person sitting in the shade now should be grateful for the person who planted and tended that tree. That includes all those benefactors of humanity throughout history that created, invented, financed, produced, maintained and improved all that we enjoy today.
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Time is the friend of the wonderful company, the enemy of the mediocre.
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There seems to be some perverse human characteristic that likes to make easy things difficult.
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The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.
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Wall Street makes its money on activity. You make your money on inactivity.
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An investor should act as though he had a lifetime decision card with just twenty punches on it.
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Let blockheads read what blockheads wrote.
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We have learned to turn out lots of goods and services, but we haven't learned as well how to have everybody share in the bounty. The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
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Very successful people say no to almost everything.
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With enough insider information and a million dollars, you can go broke in a year.
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All but a few of the organizations do not specifically promise to deliver superior investment performance although it is perhaps not unreasonable for the public to draw such an inference from their advertised emphasis on professional management.
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The [stock] market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.
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In earlier years, a lesser effort produced literally dozens of comparable opportunities. It is difficult to be objective about the causes for such diminution of one's own productivity. Three factors that seem apparent are: (1) a somewhat changed market environment (2) our increased size and (3) substantially more competition.
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The dumbest reason in the world to buy a stock is because it's going up.
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If book knowledge made great investors, than the librarians would all be rich.
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If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.
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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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Look at market fluctuations as your friend rather than your enemy profit from folly rather than participate in it.
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... not doing what we love in the name of greed is very poor management of our lives.
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People will always try to stop you from doing the right thing if it is unconventional.
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