Warren Buffett says

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

—Warren Buffett

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Quotes on Investing Warren Buffett on Investing

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“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

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

—Warren Buffett

“Our goal will be to acquire either part or all of businesses that we believe we understand, that have good, sustainable underlying economics, and that are run by managers whom we like, admire and trust.”

—Warren Buffett

“What the wise man does in the beginning, the fool does in the end.”

—Warren Buffett

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

—Warren Buffett

“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

“Derivatives are financial weapons of mass destruction.”

—Warren Buffett

“At Berkshire, full reporting means giving you the information that we would wish you to give to us if our positions were reversed.”

—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

“It is better to be approximately right than precisely wrong.”

—Warren Buffett

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

—Warren Buffett

“Price is what you pay. Value is what you get.”

—Warren Buffett

“While investors and managers must place their feet in the future, their memories and nervous systems often remain plugged into the past.”

—Warren Buffett

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

—Warren Buffett

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

—Warren Buffett