Warren Buffett Quotes About Madness

Quotes about: Madness

• Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, 'I can calculate the movement of the stars, but not the madness of men.' If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.

  Warren Buffett

  Stars, Business, Loss

  Berkshire Hathaway Inc. Chairman's Letter, www.berkshirehathaway.com. 2005.

• If you know how to value businesses, it's crazy to own 50 stocks or 40 stocks or 30 stocks, probably because there aren't that many wonderful businesses understandable to a single human being in all likelihood. To forego buying more of some super-wonderful business and instead put your money into #30 or #35 on your list of attractiveness just strikes Charlie and me as madness.

  Warren Buffett

  Crazy, Investing, Buying

• It is madness to risk losing what you need in pursuing what you simply desire.

  Warren Buffett

  Risk, Desire, Needs

• Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich.

  Warren Buffett

  Ideas, People, Causes

  Richard J. Connors, Warren Buffett (2010). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.30, John Wiley & Sons

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