Warren Buffett says

“Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”

—Warren Buffett

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Quotes on Investing Warren Buffett on Investing

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“Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.”

—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.”

—Elon Musk

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

—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

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

—Warren Buffett

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

—Warren Buffett

“We trade real estate for technology (which gets cheaper and more capable every year).”

—Jeff Bezos

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

—Warren Buffett

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

—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

“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

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

—Warren Buffett

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

—Warren Buffett

“Regardless of the impact upon immediately reportable earnings, we would rather buy 10% of Wonderful Business T at X per share than 100% of T at 2x per share. Most corporate managers prefer just the reverse.”

—Warren Buffett

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

—Warren Buffett