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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
Making
Dumb
Long
Brilliant
Decisions
Ones
Results
Outstanding
Decision
Primarily
Term
Avoiding
Rather
Produced

More quotes by Warren Buffett

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I think the worst mistake you can make in stocks is to buy or sell based on current headlines.
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Writing checks to the IRS that include strings of zeros does not bother me ... Overall, we feel extraordinarily lucky to have been dealt a hand in life that enables us to write large checks to the government rather than one requiring the government to regularly write checks to us-say, because we are disabled or unemployed.
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If you want your business to survive for 100 years, you've got to make it through every single day for 100 years. It's not enough to do it 99.9% of the time.
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Asking for financial advice from a financial planner is like asking a barber if you need a hair cut.
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Investing in yourself is the best thing you can do. If you've got talents, no one can take them from you.
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A lot of people disagree with me on this, I believe in mark to market.
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The power of unconditional love. I mean, there is no power on earth like unconditional love.
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All I have to do is think and not be influenced by others.
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I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.
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I don't want to hold out false hopes that the - by some magic moment, that things will turn around in a couple months because they wouldn't, Charlie. I mean, and it's a big mistake to try and mislead people.
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It's just that I landed up in a terrific capitalist system. One that pays people who allocate capital extraordinarily well. Intrinsically, I'm not worth as much as somebody who invents something that could improves people's life, or health or whatever.
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Investing is the greatest business in the world because you never have to swing. You stand at the plate the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity. All day you wait for the pitch you like then, when the fielders are asleep, you step up and hit it.
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The smartest side to take in a bidding war is the losing side.
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I mean [Franklin Delano] Roosevelt didn't - you know, when he came in, he didn't print any money.
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You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don't swing for the fences.
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I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.
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When I take a look at a company's annual report, if I don't understand it, they don't want me to understand it.
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Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.
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Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.
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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.
Warren Buffett