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

Warren Buffett

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

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The best investment you can make is in yourself.
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There is nothing like writing to force you to think and get your thoughts straight.
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If you cannot control your emotions, you cannot control your money.
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Investment ideas, like women are often more exciting than punctual.
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We've actually been pretty good on exports. I mean we are exporting 12% of our GDP now roughly.
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I make plenty of mistakes and I'll make plenty more mistakes, too. That's part of the game. You've just got to make sure that the right things overcome the wrong ones.
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I learned to go into business only with people whom I like, trust, and admire.
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Money will not change how healthy you are or how many people love you.
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We all make mistakes. If you can't make mistakes, you can't make decisions. I've made a lot bigger mistakes myself.
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Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.
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Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
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Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.
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Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.
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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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We've got all the ingredients for a sensational future.
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Money is not everything. Make sure you earn a lot before speaking such nonsense.
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The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.
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If you want to shoot rare, fast-moving elephants, you should always carry a loaded gun.
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If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful business for a whole bunch of cash, which isn't as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So my advice to anybody who owns a wonderful business is keep it.
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Lethargy, bordering on sloth should remain the cornerstone of an investment style.
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