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It's the deleveraging that's going on right now that has caused the credit crisis.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Caused
Credit
Crisis
Right
Going

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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.
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When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.
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Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if you call a tail a leg? The answer: Four, because calling a tail a leg doesn't make it a leg.
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Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.
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The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time.
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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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Traditional wisdom is long on tradition and short on wisdom.
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Never invest in a business you can't understand
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Do not save what is left after spending, but spend what is left after saving.
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Stocks of companies selling commodity-like products should come with a warning label: Competition may prove hazardous to human wealth.
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An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.
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We're still in a recession. We're not gonna be out of it for a while, but we will get out.
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The Fed is the greatest hedge fund in history.
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People will always try to stop you from doing the right thing if it is unconventional.
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Forecasts may tell you a great deal about the forecaster they tell you nothing about the future.
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You should invest in a business that even a fool can run, because someday a fool will.
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Benign neglect, bordering on sloth, remains the hallmark of our investment process.
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Of our 49 billion, we haven't moved any to Bitcoin
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The future is never clear you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.
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Our marketable equities tell us by their operating results - not by their daily, or even yearly, price quotations - whether our investments are successful. The market may ignore business success for a while, but eventually will confirm it.
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