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I am not in the business of predicting general stock market of business fluctuations. If you think I can do this, or think it is essential to an investment program, you should not be in the partnership.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
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Omaha
Nebraska
Warren Edward Buffett
Market
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More quotes by Warren Buffett

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You get what I call the natural progression, the three Is. The innovators, the imitators, and the idiots.
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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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The most important quality for an investor is temperament, not intellect.
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In the insurance business, there is no statute of limitation on stupidity.
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When 40 billion of treasury bills are sold like, seven day treasury bills, at a yield of 1/20th of one percent, that means the whole country is basically at the point virtually, or a lot of the country is at the point of putting the money under the mattress.
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The rest of the world really likes our stuff pretty well. It's just we buy so damn much of what they produce.
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If you want to soar like an eagle in life, you can't be flocking with the turkeys.
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At age 19, I read a book [The Intelligent Investor] and what I'm doing today, at age 76, is running things through the same thought process I learned from the book I read at 19.
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Time is the friend of the wonderful company, the enemy of the mediocre.
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Somebody's buying these treasury bills at 1/20th of one percent. Consuming about $2 billion a day of goods and services beyond what we're producing. In other words, the rest of the world sends about $2 billion a day net of something.We got to send them something in return, don't we. So we send them little pieces of paper.
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The value of a business is the cash it's going to produce in the future.
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Energy deregulation will be the largest transfer of wealth in history.
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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.
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I mean, you can explain the fact that these are depressed prices, you know. We think these assets are going to be worth a lot more. And I think that case can be made in certain situations. But I think to just say, you know, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today.
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We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.
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Don't settle for anything other than your passion - if you're lucky enough to find it.
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If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
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The Fed is the greatest hedge fund in history.
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I don't like what's going on with the executive compensation.
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If anything, taxes for the lower and middle class and maybe even the upper-middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.
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