Quote

I would rather sustain the penalties resulting from over-conservatism than face the consequences of error, perhaps with permanent capital loss, resulting from the adoption of New Era philosophy where trees really do grow to the sky.

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
Grows
Errors
Sustain
Face
Consequence
Penalties
Rather
Sky
Eras
Faces
Loss
Error
Really
Perhaps
Capital
Would
Grow
Consequences
Resulting
Tree
Trees
Adoption
Philosophy
Permanent
Conservatism

More quotes by Warren Buffett

Image
You know, with your money and my brains, I mean, there's no telling how far we'd go.
Warren Buffett
Image
There is seldom just one cockroach in the kitchen. You know, you turn on the light and, all of sudden, they all start scurrying around.
Warren Buffett
Image
I'm putting all my money in the Chinese toy market.
Warren Buffett
Image
I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I'd been born into a tribe of hunters, this talent of mine would be pretty worthless. I can't run very fast. I'm not particularly strong. I'd probably end up as some wild animal's dinner.
Warren Buffett
Image
If you want to soar like an eagle in life, you can't be flocking with the turkeys.
Warren Buffett
Image
There is no staff. I make all the investment decisions and I do all my own analysis.
Warren Buffett
Image
Stocks of companies selling commodity-like products should come with a warning label: Competition may prove hazardous to human wealth.
Warren Buffett
Image
If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isn’t necessary you only need to understand the actions you undertake.
Warren Buffett
Image
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.
Warren Buffett
Image
We're perfectly willing to trade away a big payoff for a certain payoff.
Warren Buffett
Image
A pin lies in wait for every bubble and when the two eventually meet, a new wave of investors learns some very old lessons.
Warren Buffett
Image
Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.
Warren Buffett
Image
My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.
Warren Buffett
Image
They [Goverment] take from the woman who comes in and takes the wastebaskets out.
Warren Buffett
Image
Risk can be greatly reduced by concentrating on only a few holdings.
Warren Buffett
Image
The market system rewards me outlandishly for what I do, but that doesn't mean I'm any more deserving of a good life than a teacher or a doctor or someone who fights in Afghanistan.
Warren Buffett
Image
I was lucky to have the right heroes. Tell me who your heroes are and I'll tell you how you'll turn out to be. The qualities of the one you admire are the traits that you, with a little practice, can make your own, and that, if practiced, will become habit forming.
Warren Buffett
Image
A bull market is like sex. It feels best just before it ends.
Warren Buffett
Image
One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as 'marketability' and 'liquidity,' sing the praises of companies with high share turnover... but investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pick pocket of enterprise.
Warren Buffett
Image
You should invest in a business that even a fool can run, because someday a fool will.
Warren Buffett