"The problem with commodities is that you are……" — Warren Buffett

"The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn't going to do anything for you....it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time."

— Warren Buffett

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462 Quotes by Warren Buffett

Warren Buffett has 462 quotes on this site. A few more worth reading:

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More Betting Quotes

This quote is filed under Betting Quotes, one of 96 quotes in that category. Here are a few more:

What is faith but a kind of betting or speculation after all? It should be, I bet that my Redeemer… — Samuel Butler
Financial institutions like to call what they do trading. Let's be honest. It's not trading; it's betting. — Graydon Carter
Only institutions that go about the old-fashioned business of taking in deposits from customer A and lending them out to… — Graydon Carter
I'd be willing to bet you, if I was a betting man, that I have never bet on baseball. — Pete Rose
When it comes to betting on yourself... you're a chicken-livered coward if you hesitate. — B. C. Forbes
Are wars... anything but the means whereby a nation's problems are set, where creation is stimulated - there you have… — Antoine de Saint-Exupery
You're better off betting on a horse than betting on a man. A horse may not be able to hold… — Betty Grable
Sports betting is all about money management, so the most money won on one event is not the most important… — Bruce Dern
Here’s my gut belief: Obama got a leg up by being admitted to both Occidental and Columbia as a foreign… — Wayne Allyn Root
To spend our days betting on three-legged horses with beautiful names — Bohumil Hrabal
I bet on the game of baseball and I bet on my team, even the mistakes I made, I have… — Pete Rose
Betting against gold is the same as betting on governments. He who bets on governments and government money bets against… — Charles de Gaulle

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