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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
Right
Precisely
Would
Draw
Draws
Turn
Wrong
Turns
Rather
Perfect
Approximately

More quotes by Warren Buffett

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You don't ever ask a barber whether you need a haircut.
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Anyone who believes a growth rate in excess of 15% per annum over the long term is attainable should pursue a career in sales, but avoid one in mathematics.
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We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.
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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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When we went crazy, and we did go crazy on residential real estate, it set things in motion that just - the dominoes started toppling.
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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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You only have to do a very few things right in your life so long as you don't do too many things wrong.
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I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.
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Buy a business, don't rent stocks.
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Problems in a company are like cockroaches in the kitchen. You will never find just one
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You can't produce a baby in one month by getting nine women pregnant.
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Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.
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Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.
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But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.
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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
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The thing to do is to keep your mind when the world around you is losing theirs.
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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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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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Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
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In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.
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