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A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Foolish
Strategy
Follow
Approach
Rather
Polling
Thinking
Required
Crowd
Crowds

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I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.
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Remember that the stock market is manic-depressive.
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OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.
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We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean, if we buy these assets intelligently, the United States Treasury will make money. I mean, it's borrowing money. It's just a few percent a year.
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A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street (a community in which quality control is not prized) will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.
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Cash combined with courage in a time of crisis is priceless.
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The patient that's on the floor with the cardiac arrest is not Wall Street. It's the American economy.
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The most important investment you can make is in yourself... nobody can tax it or take it away from you.
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What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.
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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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We are trading away a little bit of our country all the time for this access consumption that we have over what we've produced. That is not good. I think it's terrible over time. But our country's productive grows enough so we actually can do that, and we'll still be better off. We just don't be as well off as if we hadn't done it.
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I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.
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Is management candid with the shareholders?
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If I knew where I was going to want to live the next five or 10 years I would buy a home and I'd finance it with a 30-year mortgage... It's a terrific deal.
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Investors should remember that excitement and expenses are their enemies.
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You don't ever ask a barber whether you need a haircut.
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If you're extremely rich, and you have got children, my theory was, you give them enough so they can do anything, but not enough so they can do nothing.
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When the brothel burns down, even the pretty girls have to run out.
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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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Too often, a vast collection of possessions ends up possessing its owner.
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