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" Risk comes from not knowing what you're doing. "
Warren Buffett
You
Risk
Not Knowing
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" It is possible to fly without motors, but not without knowledge and skill. "
Wilbur Wright
Possible
Skill
Without
" Only when the tide goes out do you discover who's been swimming naked. "
Warren Buffett
Naked
You
Tide
" Those who have knowledge, don't predict. Those who predict, don't have knowledge. "
Lao Tzu
Those
Who
Knowledge
" The first rule is not to lose. The second rule is not to forget the first rule. "
Warren Buffett
Lose
Forget
First
" The advancement and diffusion of knowledge is the only guardian of true liberty. "
James Madison
True
Guardian
Knowledge
" Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time. "
Warren Buffett
Wanting
More
Fear
" Derivatives are financial weapons of mass destruction. "
Warren Buffett
Finance
Destruction
Weapons
" It's never paid to bet against America. We come through things, but its not always a smooth ride. "
Warren Buffett
Ride
Through
Never
" If a business does well, the stock eventually follows. "
Warren Buffett
Eventually
Well
Business
" Our treasure lies in the beehive of our knowledge. We are perpetually on the way thither, being by nature winged insects and honey gatherers of the mind. "
Friedrich Nietzsche
Nature
Mind
Knowledge
" Where there is shouting, there is no true knowledge. "
Leonardo da Vinci
Where
True
Shouting
" Chains of habit are too light to be felt until they are too heavy to be broken. "
Warren Buffett
Heavy
Chains
Broken
" It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently. "
Warren Buffett
Think
You
Build
" Ignorance is bold and knowledge reserved. "
Thucydides
Intelligence
Bold
Ignorance
" You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate. "
Warren Buffett
Financial
You
Ability
" Science knows no country, because knowledge belongs to humanity, and is the torch which illuminates the world. "
Louis Pasteur
Humanity
Knowledge
Science
" Over time, naturally, you lose your innocence from gaining knowledge. You can't be innocent forever, but there's something in innocence you need to regain to be creative. "
Albert Hammond, Jr.
Time
You
Knowledge
" The investor of today does not profit from yesterday's growth. "
Warren Buffett
Profit
Yesterday
Growth
" Time is the friend of the wonderful company, the enemy of the mediocre. "
Warren Buffett
Time
Company
Enemy
" You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing. "
Warren Buffett
Opportunities
My Life
Ideas
" The gift of fantasy has meant more to me than my talent for absorbing positive knowledge. "
Albert Einstein
Me
Talent
Positive
" The larger the island of knowledge, the longer the shoreline of wonder. "
Ralph W. Sockman
Knowledge
Island
Larger
" When people rely on surface appearances and false racial stereotypes, rather than in-depth knowledge of others at the level of the heart, mind and spirit, their ability to assess and understand people accurately is compromised. "
James A. Forbes
Mind
Heart
People
" If knowledge can create problems, it is not through ignorance that we can solve them. "
Isaac Asimov
Problems
Create
Ignorance
" When you combine ignorance and leverage, you get some pretty interesting results. "
Warren Buffett
Interesting
Ignorance
Results
" I am not one who was born in the possession of knowledge; I am one who is fond of antiquity, and earnest in seeking it there. "
Confucius
Knowledge
Am
Born
" Humans believe so many lies because we aren't aware. We ignore the truth or we just don't see the truth. When we are educated, we accumulate a lot of knowledge, and all that knowledge is just like a wall of fog that doesn't allow us to perceive the truth, what really is. "
Don Miguel Ruiz
Ignore
Knowledge
Truth
" Your premium brand had better be delivering something special, or it's not going to get the business. "
Warren Buffett
Brand
Business
Going
" I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one. "
Warren Buffett
My Life
Life
Court
" I bought a company in the mid-'90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game. "
Warren Buffett
Decisions
Company
Game