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I don't know that I could draw one that's perfect. But I'd rather by approximately right than precisely wrong, and it would be precisely wrong to turn it down.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Rather
Perfect
Approximately
Right
Precisely
Would
Draw
Draws
Turn
Wrong
Turns

More quotes by Warren Buffett

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A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.
Warren Buffett
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You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.
Warren Buffett
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Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.
Warren Buffett
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Let only individuals contribute - with sensible limits per election. Otherwise, we are well on our way to ensuring that a government of the moneyed, by the moneyed, and for the moneyed shall not perish from the earth.
Warren Buffett
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We try to buy businesses with good-to-superb underlying economics run by honest and able people and buy them at sensible prices. That's all I'm trying to do.
Warren Buffett
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Time is the friend of the wonderful company, the enemy of the mediocre.
Warren Buffett
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People should always know better.
Warren Buffett
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Look at market fluctuations as your friend rather than your enemy profit from folly rather than participate in it.
Warren Buffett
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Be fearful when there is greed and be greedy when there is fear.
Warren Buffett
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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
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The important thing is to keep playing, to play against weak opponents and to play for big stakes.
Warren Buffett
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The smartest side to take in a bidding war is the losing side.
Warren Buffett
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What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.
Warren Buffett
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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
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Investors have to remember: corporate profits are going up, but stocks are going up faster. How can that continue indefinitely? Investors can only earn what companies themselves can earn the government or the markets themselves don't kick anything in. How can you get anything more out of a farm than what it grows?
Warren Buffett
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You know, with your money and my brains, I mean, there's no telling how far we'd go.
Warren Buffett
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The best education you can get is investing in yourself, and that doesn't mean college or university.
Warren Buffett
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In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.
Warren Buffett
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In the end we must have people to match our principles, not the reverse.
Warren Buffett
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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