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The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves - and the better the teacher, the better the student body.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
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Omaha
Nebraska
Warren Edward Buffett
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More quotes by Warren Buffett

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Would you rather be the world's greatest lover, but have everyone think you're the world's worst lover? Or would you rather be the world's worst lover but have everyone think you're the world's greatest lover? Now, that's an interesting question.
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You should invest in a business that even a fool can run, because someday a fool will.
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The good thing is, we have household formation in this country.
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Market price, while used exclusively to value our investments in minority positions, is not a relevant factor when applied to our controlling interests.
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I'll bring my tax returns you bring yours. I'll meet you anytime anywhere.
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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 whatever it may be. And if it can’t stand applying pencil to paper, you’d better think it through some more. And if you can’t write an intelligent answer to those questions, don’t do it.
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Do what you would do for free, having passion for what you do is the most important thing.
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People should always know better.
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I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter.
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So if you are evaluating others (or yourself!) in the investment field, think out some standards - apply them - interpret them.
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The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn.
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Investing is laying out money now to get more money back in the future.
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In the world of business, the people who are most successful are those who are doing what they love.
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There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.
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The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.
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The three most important words in investing...Margin of Safety.
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Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.
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First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.
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An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.
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If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
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