Warren Buffett Quotes About Commodities

Quotes about: Commodities

• The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn't going to do anything for you....it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time.

  Warren Buffett

  Years, Games, Two

• What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.

  Warren Buffett

  Party, Gold, Belief

  "Treasury commitee struggles to hide scorn over Osborne's Help to Buy plan" by Nils Pratley, www.theguardian.com. April 19, 2013.

• In a commodity business, it's very hard to be smarter than your dumbest competitor.

  Warren Buffett

  Investing, Commodity, Competitors

• Stocks of companies selling commodity-like products should come with a warning label: "Competition may prove hazardous to human wealth".

  Warren Buffett

  Competition, May, Labels

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