"The smartest side to take in a bidding war is the losing side."
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Quote collection
Warren Buffett quotes (page 7 of 48)
959 quotes — follow a thought to its full quote page.
"Derivatives are financial weapons of mass destruction."
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"Knowing what to leave out is just as important as knowing what to focus on."
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"Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we're trying to do. It's imperfect, but that's what it's all about."
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"[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."
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"Taking jobs to build up your resume is the same as saving up sex for old age."
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"It’s not that I want money. It’s the fun of making money and watching it grow."
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"You can be sure that over the next 10 years, you'll see something that you did not think was possible."
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"OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched."
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"Life is like a snowball. The important thing is finding wet snow and a really long hill."
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"Investing is simple, but not easy."
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"If the reason for doing something is that everyone else is doing it, it's not a good enough reason."
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"Cash combined with courage in a time of crisis is priceless."
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"You don't need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well."
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"I never try to predict the market."
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"Don't risk what is important to you, to get what is not important to you."
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"Gold has two significant shortcomings, being neither of much use nor procreative."
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"Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it's the lack of change that appeals to me. I don't think it is going to be hurt by the Internet. That's the kind of business I like."
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"When forced to choose, I will not trade even a night's sleep for the chance of extra profits."
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"Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble."
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