Quote of the week: Warren Buffet on Investing
I love Warren Buffet! The man is the third wealthiest man in the world and he still drives his own car around and lives in a three-bedroom house in Omaha. He is upset that he pays less tax than his secretary, and he doesn’t own a cell phone. Imagine that!
This post from FortuneWatch had a bunch of great Buffet quotes. My favorite: “Never invest in a company you don’t understand.” Investing without understanding sounds more like gambling. 
This axiom works well in all kinds of areas:
- Never start a business you don’t understand.
- Never write about something you don’t understand.
- Never marry someone you don’t understand :-)
Do you have any more?
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POSTED IN: Business Improvements, Business Quotes, Finance, Mindset, Sharpening The Saw
8 opinions for Quote of the week: Warren Buffet on Investing
Jess
Jan 18, 2008 at 10:03 am
It is rare for someone so wealthy to be so modest. It is refreshing that some people are still able to remain themselves even after they become wealthy. I have been reading blogs and articles from James D Brausch, he is very intelligent and still seems down to earth. If you envy this, you should look him up. Thanks for sharing.
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