Quote

Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Important
Think
Thinking
Competency
Competencies
Edge
Edges
Trouble
Knowing

More quotes by Warren Buffett

Image
There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do.
Warren Buffett
Image
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.
Warren Buffett
Image
Intensity is the price of excellence.
Warren Buffett
Image
I checked the actuarial tables, and the lowest death rate is among six-year-olds. So I decided to eat like a six-year-old.
Warren Buffett
Image
Only when you combine sound intellect with emotional discipline do you get rational behavior.
Warren Buffett
Image
We have embraced the 21st century by entering such cutting-edge industries as brick, carpet, insulation and paint. Try to control your excitement.
Warren Buffett
Image
A diamond cannot be polished without friction, nor a person perfected without trials. Someone is enjoying shade today because someone planted a tree a long time ago.
Warren Buffett
Image
It irritates the hell out of me but you can't buy love.
Warren Buffett
Image
I always invest in companies an idiot could run, because one day one will.
Warren Buffett
Image
The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.
Warren Buffett
Image
I mean, you may be very mad at some guy that walked away with a huge golden parachute, but that really isn't the important thing.
Warren Buffett
Image
I mean, in terms of alternatives, some people have suggested for example that why don't we - why isn't America doing what Berkshire Hathaway is doing? Why isn't that a better deal for America?
Warren Buffett
Image
Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero.
Warren Buffett
Image
I view derivatives as time bombs, both for the parties that deal in them and the economic system.
Warren Buffett
Image
Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.
Warren Buffett
Image
It's the deleveraging that's going on right now that has caused the credit crisis.
Warren Buffett
Image
I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have it.
Warren Buffett
Image
Most investors, both institutional and individual, will find that the best way to own common stocks (shares') is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses) of the great majority of investment professionals.
Warren Buffett
Image
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
Warren Buffett
Image
You can't make a good deal with a bad person.
Warren Buffett