A Quote by Chamath Palihapitiya

Much like Warren Buffett has said very famously - he doesn't buy technology stocks because he doesn't understand them- I will not buy consumer goods companies because I do not understand them.

Chamath Palihapitiya

Quote Topics

Because Buffett Buy Companies Consumer Goods Like Much Said Stocks Technology Them Understand Very Very Famous Warren Warren Buffet Warren Buffett Will

Quote Author

Chamath Palihapitiya
American - Businessman
Born: September 3, 1976

The only way one should buy stocks is if you understand the underlying business. You stay within the circle of competence. You buy businesses you understand.

Mohnish Pabrai

I do think I know more about clothes than any 500 designers, because there's nothing like wearing them. You buy them, you study them, and you start to understand how they're crafted.

Vera Wang

I don't think Warren Buffett should be the treasurer or whatever. Warren Buffett's nuts! Just because he's a freaking billionaire doesn't mean he has common sense.

Stephen Baldwin

Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.

Warren Buffett

When you talk with famous scholars, the best thing is to pretend that occasionally you do not quite understand them. If you understand too little, you will be despised; if you understand too much, you will be disliked; if you just fail occasionally to understand them, you will suit each other very well.

Lu Xun

Technology is something we buy to sell to the customers. Ericsson, Nokia and IBM do technology for a living, so let's give it to them because they know best. It has made the business model of Bharti very, very sustainable.

Sunil Mittal

I buy companies I want to own. I buy companies that make a lot of money, that don't have a lot of debt, and that I can understand.

John Layfield

Books make great gifts because they have whole worlds inside of them. And it's much cheaper to buy somebody a book than it is to buy them the whole world!

Neil Gaiman

What about stocks? You got to buy them. What if they break? You have to buy the dips.

Rick Santelli

Downloading a song for free is the easiest way to get all kinds of music. Everything else is tough and I am sure, even if people wanted to buy music, they won't be able to because they will not understand the way to buy music online. It is a very complicated process.

Badshah

[F]or women, like tradesmen, draw in the injudicious to buy their goods by the high value they themselves set upon them.... They endeavor strongly to fix in the minds of their enamoratos their own high value, and then contrive as much as possible to make them believe that they have so many purchasers at hand that the goods--if they do not make haste--will all be gone.

Sarah Fielding

Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.

Walter Schloss

Take any person, put them in the wrong environment, and they can get off to some pretty bad things. Warren Buffett has said that he would not like to get into debt because he doesn't want to discover what behavior he's capable of.

Guy Spier

And there's a period where everyone's buying those and it's really bad because no one is Larry David or Ricky Gervais. And then they don't work and networks stop wanting to buy them, but because they wanted to buy them before the producer wanted to make them, the producers are still hanging on to wanting to make them.

B. J. Porter

Priyanka and Red One made a great record that we think will stand on its own. People won't buy the music just because she is who she is. We want them to buy it because it's good.