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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
Crowd
Crowds
Foolish
Strategy
Follow
Approach
Rather
Polling
Thinking
Required

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We have long felt that the only value of stock forecasters is to make fortune-tellers look good.
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Well, it may be all right in practice, but it will never work in theory
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You can lose leverage, and it's the only way a smart guy can go broke.
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If you're an investor, you're looking on what the asset is going to do, if you're a speculator, you're commonly focusing on what the price of the object is going to do, and that's not our game.
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We've got a wonderful economic formula in this country.
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Money will always flow toward opportunity, and there is an abundance of that in America.
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Chains of habit are too light to be felt until they are too heavy to be broken.
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Forecasts usually tell us more of the forecaster than of the forecast
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Nothing sedates rationality like large doses of effortless money.
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I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc.
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I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.
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The much-maligned idle rich have received a bad rap: They have maintained their wealth while many There is scarcely an instance of a man who has made a fortune by speculation and kept it. Andrew Carnegie of the energetic rich, aggressive real estate operators, corporate acquirers, oil drillers, etc. have their fortunes disappear.
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I'm not worried they're all about the investments we make. I mean, listen, this country - we've got $46,000 or $47,000 of GDP per capita. Now, we've done pretty darn well. We'll do better in the future.
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