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

Quote by Warren Buffett

Topics: Warren Buffett Quotes

Wall Street is the only place that people ride to in a Rolls Royce to...

Wall Street is the only place that people ride to in a Rolls Royce to...

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...

If a business does well, the stock eventually follows.

If a business does well, the stock eventually follows.

A public-opinion poll is no substitute for thought.

A public-opinion poll is no substitute for thought.

Risk comes from not knowing what you're doing.

Risk comes from not knowing what you're doing.

Derivatives are financial weapons of mass destruction.

Derivatives are financial weapons of mass destruction.

Let blockheads read what blockheads wrote.

Let blockheads read what blockheads wrote.

You only have to do a very few things right in your life so long...

You only have to do a very few things right in your life so long...

I buy expensive suits. They just look cheap on me.

I buy expensive suits. They just look cheap on me.

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...

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

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

Beware of geeks bearing formulas.

Beware of geeks bearing formulas.

There seems to be some perverse human characteristic that likes to make easy things difficult.

There seems to be some perverse human characteristic that likes to make easy things difficult.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

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...

When a management team with a reputation for brilliance tackles a business with a reputation...

When a management team with a reputation for brilliance tackles a business with a reputation...

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.

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...

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...

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.