Home / Quotes / Quote by Warren Buffett

Quote by Warren Buffett

“First come the innovators, then come the imitators, then come the idiots.”

Quote by Warren Buffett

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

You May Also Like

“The sillier the market's behavior, the greater the opportunity for the business like investor.”

Opportunity Greater Behavior Investing Investors

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“The intelligent investor is a realist who sells to optimists and buys from pessimists.”

Intelligent Sells Investing Investors Optimist Pessimist Realist Pendulums

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“No matter how careful you are, the one risk no investor can ever eliminate is the risk of being wrong. Only by insisting on what Graham called the "margin of safety" - never overpaying, no matter how exciting an investment seems to be - can you minimize your odds of error.”

Matter Seems Risk Exciting Safety Errors Investment Investing Careful Investors Odds Margins Insisting Being Wrong Overpaying

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“The purpose of this book is to supply, in the form suitable for laymen, guidance in the adoption and execution of an investment policy.”

Book Form Purpose Policy Investment Investing Guidance Execution Adoption Suitable Layman

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“No statement is more true and better applicable to Wall Street than the famous warning of Santayana: "Those who do not remember the past are condemned to repeat it".”

Past Remember Streets Wall Investing Statements Repeats Warning Remembering The Past

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“We have not known a single person who has consistently or lastingly make money by thus "following the market". We do not hesitate to declare this approach is as fallacious as it is popular.”

Persons Known Approach Investing Following Making Money Consistently Single Person

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“The defensive (or passive) investor will place chief emphasis on the avoidance of serious mistakes or losses. His second aim will be freedom from effort, annoyance, and the need for making frequent decisions.”

Needs Loss Decision Effort Mistake Serious Aim Investing Chiefs Investors Passive Emphasis Avoidance Annoyance Serious Mistakes

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“The determining trait of the enterprising (or active, or aggressive) investor is his willingness to devote time and care to the selection of securities that are both sound and more attractive than the average.”

Care Sound Security Investing Average Active Attractive Willingness Aggressive Investors Traits Selection Enterprising

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“For 99 issues out of 100 we could say that at some price they are cheap enough to buy and at some price they would be so dear that they would be sold.”

Enough Would Be Issues Investing Dear

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“The distinction between investment and speculation in common stocks has always been a useful one and its disappearance is cause for concern.”

Causes Common Concern Investment Investing Distinction Speculation Disappearance

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed