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The number two risk factor is that this business gets the wrong management. And you get a guy or a woman in charge of it that are presentable — the directors like 'em — they don't what they're doing — but they know how to put on an appearance. That's the biggest single danger.

— Warren Buffett

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More quotes by Warren Buffett

The asset I most value, aside from health, is interesting, diverse, and long-standing friends.

I make no attempt to forecast the general market — my efforts are devoted to finding undervalued securities.

Letters to Shareholders (1957)

People will always try to stop you doing the right thing if it is unconventional.

It's simply to say that managers and investors alike must understand that accounting numbers is the beginning, not the end, of business valuation.

Letters to Shareholders (1957)

Love is the greatest advantage a parent can give.

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Quote text and notes from Wikiquote: Warren Buffett (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.