When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

Quote by Warren Buffett

Topics: Warren Buffett Quotes

Derivatives are financial weapons of mass destruction.

Derivatives are financial weapons of mass destruction.

Only buy something that you'd be perfectly happy to hold if the market shut down...

Only buy something that you'd be perfectly happy to hold if the market shut down...

The first rule is not to lose. The second rule is not to forget the...

The first rule is not to lose. The second rule is not to forget the...

It takes 20 years to build a reputation and five minutes to ruin it. If...

It takes 20 years to build a reputation and five minutes to ruin it. If...

It's better to hang out with people better than you. Pick out associates whose behavior...

It's better to hang out with people better than you. Pick out associates whose behavior...

Chains of habit are too light to be felt until they are too heavy to...

Chains of habit are too light to be felt until they are too heavy to...

Risk comes from not knowing what you're doing.

Risk comes from not knowing what you're doing.

We believe that according the name 'investors' to institutions that trade actively is like calling...

We believe that according the name 'investors' to institutions that trade actively is like calling...

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is...

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is...

It takes 20 years to build a reputation and five minutes to ruin it. If...

It takes 20 years to build a reputation and five minutes to ruin it. If...

I am quite serious when I say that I do not believe there are, on...

I am quite serious when I say that I do not believe there are, on...

Value is what you get.

Value is what you get.

When you combine ignorance and leverage, you get some pretty interesting results.

When you combine ignorance and leverage, you get some pretty interesting results.

The investor of today does not profit from yesterday's growth.

The investor of today does not profit from yesterday's growth.

Time is the friend of the wonderful company, the enemy of the mediocre.

Time is the friend of the wonderful company, the enemy of the mediocre.

The smarter the journalists are, the better off society is. For to a degree, people...

The smarter the journalists are, the better off society is. For to a degree, people...

If past history was all there was to the game, the richest people would be...

If past history was all there was to the game, the richest people would be...

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

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

I always knew I was going to be rich. I don't think I ever doubted...

I always knew I was going to be rich. I don't think I ever doubted...

Beware of geeks bearing formulas.

Beware of geeks bearing formulas.