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If book knowledge made great investors, than the librarians would all be rich.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Investors
Rich
Knowledge
Book
Great
Made
Would
Librarians
Librarian

More quotes by Warren Buffett

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Every company that has an economist working for him has one employee too many.
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For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.
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I would say it's more important who the treasury secretary is than who the vice president is. If you want to have a debate here, I'd like a debate between potential treasury secretaries than the vice presidential debate.
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Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying we're going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent. Only in Grover Norquist's imagination does such a response exist.
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Our system works. Over time, people will live better and better. We have a system that unleashes human potential, and now China has a system that unleashes human potential. We will have interruptions. We overshoot and undershoot sometimes, but your kids and grandkids will live better than you. Over time, we move ahead at a pretty damn rapid rate.
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When you build a bridge, you insist that it can carry 30,000 pounds, but you only drive 10,000-pound trucks across it. And that same principle works in investing.
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In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.
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Our approach is very much profiting from lack of change rather than from change.
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Does the business have a consistent operating history?
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The advice you never go broke taking a profit is foolish.
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Taking jobs to build up your resume is the same as saving up sex for old age.
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When we really sit back with a smile on our face is when we run into a situation we can understand, where the facts are ascertainable and clear, and the course of action obvious.
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I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter.
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I know the country works extremely well. You know, but when it isn't clogged up.
Warren Buffett
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I always invest in companies an idiot could run, because one day one will.
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You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right - that's the only thing that makes you right. And if your facts and reasoning are right, you don't have to worry about anybody else.
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We need a tax system that essentially takes very good care of the people who just really aren't as well adapted to the market system but are nevertheless doing useful things in the society.
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But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.
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Take the job you would take if you were independently wealthy. You're going to do well at it.
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There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.
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