Warren Buffett Quotes

Derivatives are financial weapons of mass destruction.

I try to buy stock in businesses

that are so wonderful that an idiot can run them.

You only learn who has been swimming naked

when the tide goes out.

Opportunities come infrequently.

When it rains gold,

put out the bucket.

If past history was all there was to the game,

the richest people would be librarians.

Wide diversification is only required

when investors do not understand what they are doing.

Cash combined with courage in a crisis is priceless.

The most dangerous phrase in investing is:

‘This time it’s different.’

Games are won by players who focus on the playing field,

not by those whose eyes are glued to the scoreboard.

The business schools reward difficult complex behavior

more than simple behavior.

Never invest in a business you cannot understand.

You don’t have to be smarter than the rest.

You have to be more disciplined.

Better hang out with people better than you.

If you buy things you do not need,

soon you will have to sell things you need.

Do not save what is left after spending;

instead spend what is left after saving.

The rich invest in time,

the poor invest in money.

Wall Street is the only place that people ride to in a Rolls

Royce to get advice from those who take the subway.

The most important thing to do

if you find yourself in a hole is to stop digging.

You can’t produce a baby in one month

by getting nine women pregnant.

I insist on a lot of time being spent,

almost every day,

just to sit and think.