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There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Million
Millions
System
Trying
Life
People
Allows
Improve

More quotes by Warren Buffett

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Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
Warren Buffett
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Never invest in a business you can't understand
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We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean, if we buy these assets intelligently, the United States Treasury will make money. I mean, it's borrowing money. It's just a few percent a year.
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You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.
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If you have a harem of 40 women, you never get to know any of them very well.
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Risk can be greatly reduced by concentrating on only a few holdings.
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Trust is like the air we breathe--when it's present, nobody really notices when it's absent, everybody notices.
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AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over 200 billion, the most respected insurer and everything in the world.
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First come the innovators, then come the imitators, then come the idiots.
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Charlie [Munger] and I are not big fans of resumes. Instead, we focus on brains, passion and integrity.
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A home is one of the most important assets that most people will ever buy. Homes are also where memories are made and you want to work with someone you can trust.
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The typical large company has a compensation committee, They don't look for Dobermans on that committee, they look for chihuahuas.
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We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
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Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation
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The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.
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We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.
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If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.
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Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Warren Buffett
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People should always know better.
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As of 1992, in fact-though the picture would have improved since then-the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero.
Warren Buffett