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

Quote by Warren Buffett

Topics: Warren Buffett Quotes

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.

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is...

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is...

We enjoy the process far more than the proceeds.

We enjoy the process far more than the proceeds.

Our favorite holding period is forever.

Our favorite holding period is forever.

You know, people talk about this being an uncertain time. You know, all time is...

You know, people talk about this being an uncertain time. You know, all time is...

Value is what you get.

Value is what you get.

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...

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...

I never attempt to make money on the stock market. I buy on the assumption...

I never attempt to make money on the stock market. I buy on the assumption...

I just think that - when a country needs more income and we do, we're...

I just think that - when a country needs more income and we do, we're...

I don't look to jump over 7-foot bars: I look around for 1-foot bars that...

I don't look to jump over 7-foot bars: I look around for 1-foot bars that...

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.

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...

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

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

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...

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.

We simply attempt to be fearful when others are greedy and to be greedy only...

We simply attempt to be fearful when others are greedy and to be greedy only...

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

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

Ive got two daughters. 9 years old and 6 years old. I am going to...

Ive got two daughters. 9 years old and 6 years old. I am going to...

There is no such thing as absolute value in this world. You can only estimate...

There is no such thing as absolute value in this world. You can only estimate...