Warren Buffett says

“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

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Quotes on Investing Warren Buffett on Investing

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

—Warren Buffett

“We will make bold rather than timid investment decisions where we see a sufficient probability of gaining market leadership advantages.”

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

—Warren Buffett

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

—Warren Buffett

“Stocks of companies selling commodity-like products should come with a warning label: “Competition may prove hazardous to human wealth.“”

—Warren Buffett

“Loss of focus is what most worries Charlie and me when we contemplate investing in businesses that in general look outstanding. All too often, we’ve seen value stagnate in the presence of hubris or of boredom that caused the attention of managers to wander.”

—Warren Buffett

“Don't work for money, make money work for you.”

—Warren Buffett

“My favourite holding period is forever”

—Warren Buffett

“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

“There's never just one cockroach in the kitchen.”

—Warren Buffett

“Never depend on single income. Make investment to create a second source.”

—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.”

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

—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

“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