Quote

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

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

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

More quotes by Warren Buffett

Image
If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
Warren Buffett
Image
The best asset is your own self. You can become to an enormous degree the person you want to be
Warren Buffett
Image
If I eat 2,700 calories a day, a quarter of that is Coca-Cola.
Warren Buffett
Image
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Warren Buffett
Image
We only want to link up with people whom we like, admire, and trust. ... We do not wish to join with managers who lack admirable qualities, no matter how attractive the prospects of their business. We've never succeeded in making a good deal with a bad person.
Warren Buffett
Image
In the end we must have people to match our principles, not the reverse.
Warren Buffett
Image
This country is going - be living better ten years from now than it is now. It will be living better in 20 years from now than ten years from now. The ingredients that made this country, you know, the miracle of the world - I mean we had a seven for one improvement in the average American standard of living in the 20th century.
Warren Buffett
Image
It's good to learn from your mistakes. It's better to learn from other people's mistakes.
Warren Buffett
Image
The greater the potential for reward in the value portfolio, the less risk there is.
Warren Buffett
Image
Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying we're going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent. Only in Grover Norquist's imagination does such a response exist.
Warren Buffett
Image
I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.
Warren Buffett
Image
If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.
Warren Buffett
Image
Uncertainty is the friend of the buyer of long term values.
Warren Buffett
Image
I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to develop that talent, and set up the laws and the finanical system to let me do what I love doing-and make a lot of money doing it. The least I can do is help pay for all that.
Warren Buffett
Image
Invest in as much of yourself as you can, you are your own biggest asset by far.
Warren Buffett
Image
We're still in a recession. We're not gonna be out of it for a while, but we will get out.
Warren Buffett
Image
Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.
Warren Buffett
Image
it's a good idea to review past mistakes before committing new ones.
Warren Buffett
Image
I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And what I learn today may be useful to me two years from now. That's really the wonderful thing about investments is your knowledge is cumulative.
Warren Buffett
Image
To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.
Warren Buffett