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You get what I call the natural progression, the three Is. The innovators, the imitators, and the idiots.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Imitator
Innovators
Idiots
Progression
Idiot
Call
Natural
Three
Imitators

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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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I look at everything. That's my job. I really do, every day. I think about everything.
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In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.
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The best thing I did was choose the right heroes.
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Read 500 pages every day. That's how knowledge works. It builds up like compound interest.
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What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it.
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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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I think you'll have plenty of scrutiny as how the money's invested. I mean, just like the RFC. When the RFC operated, people knew which institutions they were buying preferred stock in. And it worked very well.
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I'm putting all my money in the Chinese toy market.
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If at first you do succeed, quit trying on investing.
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Is management candid with the shareholders?
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Investing requires qualities of temperament way more than it requires qualities of intellect.
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Risk can be greatly reduced by concentrating on only a few holdings.
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You can be sure that over the next 10 years, you'll see something that you did not think was possible.
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I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life.
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My father was the best person i've ever known.
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People always should know better. People don't get - they don't get smarter about things that get as basic as greed.
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You do not adequately protect yourself by being half awake when other are sleeping.
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The power of unconditional love. I mean, there is no power on earth like unconditional love.
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I'm just lucky to have been in the right place at the right time. Another place, another time, I wouldn't have been as successful. Society enabled me to make my money and my money should go to society.
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