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Either they're trying to con you or they're trying to con themselves.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Either
Trying

More quotes by Warren Buffett

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A CEO's behavior has a huge impact on managers down the line.
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We're still in a recession. We're not gonna be out of it for a while, but we will get out.
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When a management with reputation for brilliance gets hooked up with a business with a reputation for bad economics, it's the reputation of the business that remains intact.
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We make investment decisions based on our evaluation of the most profitable combination of probabilities.
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We've got a wonderful economic formula in this country.
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I've never been very fully employed either.
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Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.
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First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.
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Tell me your heroes and I'll tell you how your life will end up
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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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The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.
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In the search [of a deal], we adopt the same attitude one might find appropriate in looking for a spouse: It pays to be active, interested, and open-minded, but it does not pay to be in a hurry.
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It is unquestionably true that the investment companies have their money more conventionally invested than we do. To many people conventionality is indistinguishable from conservatism. In my view, this represents erroneous thinking. Neither a conventional nor an unconventional approach, per se, is conservative.
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The first rule is not to lose. The second rule is not to forget the first rule.
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You can lose leverage, and it's the only way a smart guy can go broke.
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It is impossible to unsign a contract, so do all your thinking before you sign.
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The patient that's on the floor with the cardiac arrest is not Wall Street. It's the American economy.
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You don't have to be a genius to invest well
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I mean there is no capital requirements to it or anything of the sort. And basically, I said there were possibly financial weapons of mass destruction, and they had them. They destroyed AIG. They certainly contributed to the destruction of Bear Sterns and Lehman. Although Lehman had other problems, too.
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Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
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