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If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Whether
Participate
Business
Edge
Running
Edges
Long
Emotions
Based
Emotion
Trouble
Guesses
Start
Deciding

More quotes by Warren Buffett

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I would say it's more important who the treasury secretary is than who the vice president is. If you want to have a debate here, I'd like a debate between potential treasury secretaries than the vice presidential debate.
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It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.
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With housing it's something even more dramatic than that, because most people aspire to own their own home.If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year.That's not true of an Internet stock. But it's true of a home.
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I think the rest of the country should be paying less, the 95 percent that [Barack] Obama talks about or maybe even a little higher than that.
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We've got a wonderful economic formula in this country.
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An investor should ordinarily hold a small piece of an outstanding business with the same tenacity that an owner would exhibit if he owned all of that business.
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When you combine ignorance and leverage, you get some pretty interesting results.
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I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).
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Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
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If you're in a card game and you can't figure out who the patsy is, you're it.
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The time to buy stocks is consistently over time. You should never buy your investments with the idea, 'I have to get a certain return.' You should look at the best return possible and learn to live with that. But you should not try to make your investments earn what you feel you need. It doesn't work that way. The stock doesn't know you own it.
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A very rich person should leave his kids enough to do anything, but not enough to do nothing.
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Our favorite holding period is forever.
Warren Buffett
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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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I don't think you can have a better secretary of the Treasury than Hank Paulson.
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The best asset is your own self. You can become to an enormous degree the person you want to be
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That which is not worth doing at all is not worth doing well.
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Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
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It's just that right now the athlete's on the floor. But we - this is a super athlete.
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As one of my older friends says, Nostalgia just isn't what it used to be. Let's take a stab at it, anyway.
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