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How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Chess
Beat
Beats
Stay
Game
Fischer
Games
Bobby
Play
Edge
Trying
Edges

More quotes by Warren Buffett

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At this point, when treasury bills, seven day treasury bills at 1/20th of one percent, it's not because people want to earn 1/20th of one percent, it's because they trust the fact the treasury will give it back to them next week.
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I'll take the deal, whatever you want to do.
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Every day that goes by, I mean, if you don't react to Pearl Harbor for a week or two weeks or three weeks, you're behind in the war that you otherwise would have fought.
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If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.
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I don't measure my life by the money I've made. Other people might, but certainly don't.
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You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason.
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An investor should act as though he had a lifetime decision card with just twenty punches on it.
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Beware [of] the investment activity that produces applause the great moves are usually greeted by yawns.
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If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.
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The Stock Market is designed to transfer money from the Active to the Patient.
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In some corner of the world they are probably still holding regular meetings of the Flat Earth Society. We derive no comfort because important people, vocal people, or great numbers of people agree with us. Nor do we derive comfort if they don't.
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What's going to happen - things we're doing are going to have some inflationary consequences.
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Learning how to live is much more important than learning how to make a living.
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Banking is very good business if you don't do anything dumb.
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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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An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.
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Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.
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We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
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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 extraordinary business does not require good management.
Warren Buffett