Warren Buffett says

“Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem.”

—Warren Buffett

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Quotes on Investing Warren Buffett on Investing

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“It’s not possible for investors to consistently outperform the market. Therefore you’re best served investing in a diversified portfolio of low-cost index funds [or exchange-traded funds].”

—Charlie Munger

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

—Warren Buffett

“Managers who want to expand their domain at the expense of owners might better consider a career in government.”

—Warren Buffett

“The best investment you can make is in yourself.”

—Warren Buffett

“Cash combined with courage in a time of crisis is priceless.”

—Warren Buffett

“In the business world, the rearview mirror is always clearer than the windshield.”

—Warren Buffett

“In the world of business, the people who are most successful are those who are doing what they love.”

—Warren Buffett

“My proceeds from the PayPal acquisition were $180 million. I put $100 million in SpaceX, $70m in Tesla, and $10m in Solar City. I had to borrow money for rent.”

“Only when the tide goes out do you discover who's been swimming naked.”

—Warren Buffett

“A good business is not always a good purchase - although it's a good place to look for one.”

—Warren Buffett

“It is not greed that drives the world but envy.”

—Warren Buffett

“Some time ago Ken Galbraith, in his witty and insightful The Great Crash, coined a new economic term: “the bezzle,” defined as the current amount of undiscovered embezzlement. This financial creature has a magical quality: The embezzlers are richer by the amount of the bezzle, while the embezzlees do not yet feel poorer.”

—Warren Buffett

“From this irritating reality comes The First Law of Corporate Survival for ambitious CEOs who pile on leverage and run large and unfathomable derivatives books: Modest incompetence simply won’t do; it’s mindboggling screw-ups that are required.”

—Warren Buffett

“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful”

—Warren Buffett

“A small chance of distress or disgrace cannot, in our view, be offset by a large chance of extra returns.”

—Warren Buffett