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Quote by Otto von Bismarck

“A little caution outflanks a large cavalry.”

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Otto von Bismarck was a German statesman and the Prime Minister of the Kingdom of Prussia. He is known for his realpolitik and his role in the unification of Germany in the late 19th century. Bismarck's policies and leadership were instrumental in the creation of the German Empire and his diplomatic efforts helped maintain peace in Europe. more

“If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, the more vulnerable the business is, assuming you still want to invest in it, the larger margin of safety you'd need. If you're driving a truck across a bridge that says it holds 10,000 pounds and you've got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay, but if it's over the Grand Canyon, you may feel you want a little larger margin of safety.”

Ifs Way Want Needs Feels May Littles Stills Understood Okay Safety Assuming Driving Vulnerable Bridges Pounds Vehicle Inches Truck Margins Canyons Grand Canyon Crevice

Author:Warren Buffett

“If you invested in a very low cost index fund - where you don't put the money in at one time, but average in over 10 years -you'll do better than 90% of people who start investing at the same time.”

People Ifs Years Cost Lows Investing Average Fund One Time Index Funds

Author:Warren Buffett

“Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting-based frauds of staggering size. Few of the perpetrators have been punished; many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun.”

Years Has Beens Gun Size Vices Stealing Pens Fraud Charlie Chairman Accounting Staggering Perpetrators

Author:Warren Buffett

Quote by Otto von Bismarck

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