Warren Buffett says

“Derivatives are financial weapons of mass destruction.”

—Warren Buffett

This quote is part of:

Quotes on Investing Warren Buffett on Investing

More on this...

“There is no tougher job in corporate America than running an airline: Despite the huge amounts of equity capital that have been injected into it, the industry, in aggregate, has posted a net loss since its birth after Kitty Hawk. Airline managers need brains, guts, and experience—and”

—Warren Buffett

“In the 54 years (Charlie Munger and I) have worked together, we have never forgone an attractive purchase because of the macro or political environment, or the views of other people. In fact, these subjects never come up when we make decisions.”

—Warren Buffett

“Intensity is the price of excellence.”

—Warren Buffett

“The only time to buy these is on a day with no 'y' in it.”

—Warren Buffett

“The Great Bubble ended on March 10, 2000 (though we didn’t realize that fact until some months later). On that day, the NASDAQ (recently 1,731) hit its all-time high of 5,132. That same day, Berkshire shares traded at $40,800, their lowest price since mid-1997.”

—Warren Buffett

“The rich invest in time, the poor invest in money.”

—Warren Buffett

“...not doing what we love in the name of greed is very poor management of our lives.”

—Warren Buffett

“Wide diversification is only required when investors do not understand what they are doing.”

—Warren Buffett

“You don’t have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.”

—Warren Buffett

“The year 2015 marks the fiftieth anniversary of Berkshire Hathaway under Warren Buffett's leadership, a milestone worth commemorating. The tenure sets a record”

—Warren Buffett

“Money is Like Cow Poop, it Does No Good Unless You Spread It Around”

—Warren Buffett

“Over-all, we probably would have retained better prospects for the next five years if profits had not risen so dramatically this year.”

—Warren Buffett

“Buy the dip.”

—Warren Buffett

“It takes character to sit with all that cash and to do nothing. I didn't get top where I am by going after mediocre opportunities.”

—Charlie Munger

“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”

—Warren Buffett