Quote #53

'You leave yourself an enormous margin of safety. You build a bridge that 30,000-pound trucks can go across and then you drive 10,000-pound trucks across it. That is the way I like to go across bridges.' - Financial World, June 13, 1984.

More from Warren Buffett

  1. 'If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, th…
  2. 'I'd be a bum on the street with a tin cup if the markets were always efficient.'
  3. 'Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.'
  4. 'Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.'
  5. 'The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be r…
  6. 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.'
  7. 'The stock market is a no-called-strike game. You don't have to swing at everything--you can wait for your pitch. The problem when you're a…
  8. 'You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right-…

All Warren Buffett quotes