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Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn't do any good to look at the cards.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Someone
Efficiency
Look
Bridges
Looks
Investing
Believe
Cards
Good
Market
Like
Playing
People
Told
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Bridge

More quotes by Warren Buffett

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We still find very few [stocks] that even mildly interest us. That dismal fact is testimony to the insanity of valuations reached during The Great Bubble. Unfortunately, the hangover may prove to be proportional to the binge.
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If I eat 2,700 calories a day, a quarter of that is Coca-Cola.
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Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.
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If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.
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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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If, when making a stock investment, you're not considering holding it at least ten years, don't waste more than ten minutes considering it.
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If you don't know jewelry, know the jeweler.
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You can lose leverage, and it's the only way a smart guy can go broke.
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We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are ignored.
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The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.
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Risk is a part of God's game, alike for men and nations.
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He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there.
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Fund consultants like to require style boxes such as long-short, macro, international equities. At Berkshire our only style box is smart.
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Beware of geeks bearing formulas.
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If this is a war, my side has the nuclear bomb. We have K Street. We have Wall Street. Debbie doesn't have anybody. I want a government that is responsive to the people who got the short straw in life.
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My idea of a group decision is to look in the mirror.
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My friends and I have been coddled long enough by a billionaire-friendly Congress.
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Do not save what is left after spending, but spend what is left after saving.
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Continually challenge and be willing to amend your best loved ideas.
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People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy internet stocks, they went crazy with the uranium stocks back when I was first getting started.
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