Warren Buffett says

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

—Warren Buffett

This quote is part of:

Quotes on Leadership Warren Buffett on Leadership Quotes on Investing Warren Buffett on Investing

More on this...

“Let me tell your something. I'm from Chicago. I don't break.”

—Barack Obama

“What’s dangerous is not to evolve.”

“For investors as a whole, returns decrease as motion increases.”

—Warren Buffett

“Change is never easy, but always possible.”

—Barack Obama

“We need big failures in order to move the needle. If we don’t, we’re not swinging enough. You really should be swinging hard, and you will fail, but that’s okay.”

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

—Warren Buffett

“I learned to go into business only with people whom I like, trust, and admire.”

—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

“Charlie and I would follow a buy-and-hold policy even if we ran a tax-exempt institution.”

—Warren Buffett

“You should take the approach that you’re wrong. Your goal is to be less wrong.”

“I don't believe in process. In fact, when I interview a potential employee and he or she says that 'it's all about the process,' I see that as a bad sign. The problem is that at a lot of big companies, process becomes a substitute for thinking. You're encouraged to behave like a little gear in a complex machine. Frankly, it allows you to keep people who aren't that smart, who aren't that creative.”

“Don't try to run a business, just run a business.”

“What are the secret of success? - one word answer: "rational".”

—Charlie Munger

“For Buffett, managers are stewards of shareholder capital. The best managers think like owners in making business decisions.”

—Warren Buffett

“My favourite holding period is forever”

—Warren Buffett