--- title: "10 Intelligent Quotes By Warren Buffett" description: "10 Intelligent quotes by Warren Buffett. Plus more from Warren Buffett and more Intelligent sayings from other authors." image: "https://sms4smile.com/quotes/i/5fd/warren-buffett-183_discipline_we-don-t-have-to-be-smarter-than-the-res_2080248.png" --- > [We don't have to be smarter than the rest. We have to be more disciplined than the rest.](https://sms4smile.com/quotes/warren-buffett/we-don-t-have-to-be-smarter-than-the-rest-we-have-to-be-more/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/5fd/warren-buffett-183_discipline_we-don-t-have-to-be-smarter-than-the-res_2080248.png) > [Cash combined with courage in a time of crisis is priceless.](https://sms4smile.com/quotes/warren-buffett/cash-combined-with-courage-in-a-time-of-crisis-is-priceless/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/2a3/warren-buffett-183_cash_cash-combined-with-courage-in-a-time-of_2690276.png) > [Inactivity strikes us as intelligent behavior.](https://sms4smile.com/quotes/warren-buffett/inactivity-strikes-us-as-intelligent-behavior/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/885/warren-buffett-183_behavior_inactivity-strikes-us-as-intelligent-beh_2178895.png) > [ At age 19, I read a book \[The Intelligent Investor\] and what I'm doing today, at age 76, is running things through… ](https://sms4smile.com/quotes/warren-buffett/at-age-19-i-read-a-book-the-intelligent-investor-and-what-i-m-doing/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/807/warren-buffett-183_age_at-age-19-i-read-a-book-the-intelligent_2946415.png) > [Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.](https://sms4smile.com/quotes/warren-buffett/truly-conservative-actions-arise-from-intelligent-hypotheses-correct/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/3cd/warren-buffett-183_action_truly-conservative-actions-arise-from-in_3164709.png) > [If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.](https://sms4smile.com/quotes/warren-buffett/if-you-are-not-willing-to-own-a-stock-for-10-years-do-not-even-think/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/ad4/warren-buffett-183_ifs_if-you-are-not-willing-to-own-a-stock-fo_1450337.png) > [If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary…](https://sms4smile.com/quotes/warren-buffett/if-you-have-more-than-120-or-130-i-q-points-you-can-afford-to-give/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/b22/warren-buffett-183_best-investment_if-you-have-more-than-120-or-130-i-q-poi_2557948.png) > [You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment you’re making, or…](https://sms4smile.com/quotes/warren-buffett/you-ought-to-be-able-to-explain-why-you-re-taking-the-job-you-re/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/7cc/warren-buffett-183_able_you-ought-to-be-able-to-explain-why-you_769853.png) > [None of this means, however, that a business or stock is an intelligent purchase simply because it is unpopular; a contrarian approach…](https://sms4smile.com/quotes/warren-buffett/none-of-this-means-however-that-a-business-or-stock-is-an-intelligent/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/c84/warren-buffett-183_approach_none-of-this-means-however-that-a-busine_449690.png) > [More investment sins are probably committed by otherwise quite intelligent people because of "tax considerations" than from any other cause. One of…](https://sms4smile.com/quotes/warren-buffett/more-investment-sins-are-probably-committed-by-otherwise-quite/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/0ab/warren-buffett-183_cases_more-investment-sins-are-probably-commit_2026968.png) ## Other authors on Intelligent ## More by Warren Buffett > [To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual…](https://sms4smile.com/quotes/warren-buffett/to-invest-successfully-over-a-lifetime-does-not-require-a/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [“Be fearful when others are greedy, and be greedy when others are fearful.”](https://sms4smile.com/quotes/warren-buffett/be-fearful-when-others-are-greedy-and-be-greedy-when-others-are/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose.](https://sms4smile.com/quotes/warren-buffett/making-money-isn-t-the-backbone-of-our-guiding-purpose-it-is-the-by/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are…](https://sms4smile.com/quotes/warren-buffett/we-set-no-volume-goals-in-our-insurance-business-generally-and/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the…](https://sms4smile.com/quotes/warren-buffett/everybody-s-got-a-different-circle-of-competence-the-important-thing/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [It is better to point out your own mistakes than have somebody else do it.](https://sms4smile.com/quotes/warren-buffett/it-is-better-to-point-out-your-own-mistakes-than-have-somebody-else/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I've read about all the sales today. If you're an auto dealer, you're feeling it. If you're a furniture retailer like we are, you're…](https://sms4smile.com/quotes/warren-buffett/i-ve-read-about-all-the-sales-today-if-you-re-an-auto-dealer-you-re/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to…](https://sms4smile.com/quotes/warren-buffett/i-was-lucky-enough-to-be-born-in-a-time-and-place-where-society/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to…](https://sms4smile.com/quotes/warren-buffett/the-most-common-cause-of-low-prices-is-pessimism-some-times-pervasive/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The reaction of weak management to weak operations is often weak accounting.](https://sms4smile.com/quotes/warren-buffett/the-reaction-of-weak-management-to-weak-operations-is-often-weak/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it.](https://sms4smile.com/quotes/warren-buffett/what-you-really-want-to-do-in-investments-is-figure-out-what-s/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I don't measure my life by the money I've made. Other people might, but certainly don't.](https://sms4smile.com/quotes/warren-buffett/i-don-t-measure-my-life-by-the-money-i-ve-made-other-people-might-but/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've…](https://sms4smile.com/quotes/warren-buffett/i-mean-the-truth-is-i-ve-never-had-it-so-good-in-terms-of-taxes-i-am/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the…](https://sms4smile.com/quotes/warren-buffett/the-most-important-quality-for-an-investor-is-temperament-not/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate…](https://sms4smile.com/quotes/warren-buffett/investors-of-course-can-by-their-own-behavior-make-stock-ownership/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/intelligent/warren-buffett/#itemlist", "name": "10 Intelligent Quotes By Warren Buffett", "numberOfItems": 10, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "We don't have to be smarter than the rest. 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You don't need extraordinary intelligence to succeed as an investor.", "creator": { "@type": "Person", "name": "Warren Buffett" }, "url": "https://sms4smile.com/quotes/warren-buffett/if-you-have-more-than-120-or-130-i-q-points-you-can-afford-to-give/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/b22/warren-buffett-183_best-investment_if-you-have-more-than-120-or-130-i-q-poi_2557948.png", "contentUrl": "https://sms4smile.com/quotes/i/b22/warren-buffett-183_best-investment_if-you-have-more-than-120-or-130-i-q-poi_2557948.png", "url": "https://sms4smile.com/quotes/i/b22/warren-buffett-183_best-investment_if-you-have-more-than-120-or-130-i-q-poi_2557948.png", "width": 1080, "height": 1080, "caption": "“If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. 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And if you can’t write an intelligent answer to those questions, don’t do it.", "creator": { "@type": "Person", "name": "Warren Buffett" }, "url": "https://sms4smile.com/quotes/warren-buffett/you-ought-to-be-able-to-explain-why-you-re-taking-the-job-you-re/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/7cc/warren-buffett-183_able_you-ought-to-be-able-to-explain-why-you_769853.png", "contentUrl": "https://sms4smile.com/quotes/i/7cc/warren-buffett-183_able_you-ought-to-be-able-to-explain-why-you_769853.png", "url": "https://sms4smile.com/quotes/i/7cc/warren-buffett-183_able_you-ought-to-be-able-to-explain-why-you_769853.png", "width": 1080, "height": 1080, "caption": "“You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment…” — Warren Buffett", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "None of this means, however, that a business or stock is an intelligent purchase simply because it is unpopular; a contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling. Unfortunately, Bertrand Russell's observation about life in general applies with unusual force in the financial world: Most men would rather die than think. Many do.", "creator": { "@type": "Person", "name": "Warren Buffett" }, "url": "https://sms4smile.com/quotes/warren-buffett/none-of-this-means-however-that-a-business-or-stock-is-an-intelligent/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c84/warren-buffett-183_approach_none-of-this-means-however-that-a-busine_449690.png", "contentUrl": "https://sms4smile.com/quotes/i/c84/warren-buffett-183_approach_none-of-this-means-however-that-a-busine_449690.png", "url": "https://sms4smile.com/quotes/i/c84/warren-buffett-183_approach_none-of-this-means-however-that-a-busine_449690.png", "width": 1080, "height": 1080, "caption": "“None of this means, however, that a business or stock is an intelligent purchase simply because it is…” — Warren Buffett", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "More investment sins are probably committed by otherwise quite intelligent people because of \"tax considerations\" than from any other cause. One of my friends-a noted West Coast philosopher-maintains that a majority of life's errors are caused by forgetting what one is really trying to do. This is certainly the case when an emotionally supercharged element like taxes enters the picture (I have another friend-a noted East Coast philosopher who says it isn't the lack of representation he minds-it's the taxation).", "creator": { "@type": "Person", "name": "Warren Buffett" }, "url": "https://sms4smile.com/quotes/warren-buffett/more-investment-sins-are-probably-committed-by-otherwise-quite/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/0ab/warren-buffett-183_cases_more-investment-sins-are-probably-commit_2026968.png", "contentUrl": "https://sms4smile.com/quotes/i/0ab/warren-buffett-183_cases_more-investment-sins-are-probably-commit_2026968.png", "url": "https://sms4smile.com/quotes/i/0ab/warren-buffett-183_cases_more-investment-sins-are-probably-commit_2026968.png", "width": 1080, "height": 1080, "caption": "“More investment sins are probably committed by otherwise quite intelligent people because of \"tax…” — Warren Buffett", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/intelligent/warren-buffett/#webpage", "url": "https://sms4smile.com/quotes/about/intelligent/warren-buffett/", "name": "Intelligent Quotes by Warren Buffett", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/intelligent/warren-buffett/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/5fd/warren-buffett-183_discipline_we-don-t-have-to-be-smarter-than-the-res_2080248.png" }, "description": "10 Intelligent quotes by Warren Buffett. 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