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Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Term
Avoiding
Rather
Produced
Making
Dumb
Long
Brilliant
Decisions
Ones
Results
Outstanding
Decision
Primarily

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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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An investor needs to do very few things right as long as he or she avoids big mistakes.
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You can't stand to see your neighbor getting rich. You know you're smarter than he is and he's doing these things and he's getting rich.
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I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless. I can't run very fast. I'm not particularly strong. I'd probably end up as some wild animal's dinner.
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I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
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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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My father was the best person i've ever known.
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Buy into a company because you want to own it, not because you want the stock to go up.
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I spend twelve hours a week - a little over 10% of my waking hours - playing the game. Now I am trying to figure out how to get by on less sleep in order to fit in a few more hands.
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You can't buy what is popular and do well.
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We don't read other people's opinions. We want to get the facts, and then think.
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