Home / Quotes / Quote by Warren Buffett

Quote by Warren Buffett

“Traditional wisdom is long on tradition and short on wisdom.”

Author

Warren Buffett, born on August 30, 1930, is a renowned investor. Known as the 'Oracle of Omaha,' he is the chairman and CEO of Berkshire Hathaway, a diversified holding company involved in insurance, railroads, energy, finance, and more. Buffett's investment philosophy emphasizes value investing, and he is known for his long-term investment and stable investment strategies. more

“There are two consequences in history; an immediate one, which is instantly recognized, and one in the distance, which is not at first perceived. These consequences often contradict each other; ... look to the end of an accomplished fact, and you will see that it has always produced the contrary of what was expected from it.”

Firsts Looks Two Ends Facts Consequence Distance Investing Expected Contrary Accomplished

Author:François-René de Chateaubriand

“History has shown that in every age and in every field of human knowledge, many of the views which almost everyone accepted as true and never bothered to think about further, were in time proven completely wrong.”

Thinking Humans Age Views Fields Investing Accepted Proven Bothered Human Knowledge

Author:Philip Arthur Fisher

“Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.”

Long Knowing Risk Investing Wide Ignorant Investors Not Knowing Buffets Diversification

Author:Warren Buffett

“In an economy, an act, a habit, an institution, or a law, gives birth not only to an effect, but to a series of effects. Of these effects, the first only is immediate; it manifests itself simultaneously with its cause - it is seen. The others unfold in succession - they are not seen. Now this difference is enormous, for it is often true that when the immediate consequence is favorable, the ultimate consequences are fatal, and the converse.”