Quotes from Warren Buffett

A couple of my favorites...

If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GNP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing.

Only when the tide goes out do you discover who’s been swimming naked.

The second one seems to apply particularly well to the current financial crisis.

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"I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here."

One of these quotes is not like the others! Apparently, that line is from Dickens: http://books.google.com/books?id=DRx9gUxLU3cC&pg=PA376&#...

I become wary of top 10, 8, 5, 52 lists of anything when you see more and more of them. It becomes fluff reading...like the enquirer for hackers.

My all time favorite"

"When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact."

There's an extra one in the comments that is particularly appropriate for this venue:

“Never trust geeks bearing formulas.”

(and the whole sub-prime debacle)

There's only 51 of them. 46 and 47 are dupes.