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In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts the Depression a dozen or so recessions and financial panics oil shocks a flu epidemic and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

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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A public-opinion poll is no substitute for thought.
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We continue to make more money when snoring than when active.
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I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one.
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Businesses always have opportunities to improve service, product lines, manufacturing techniques, and the like, and obviously these opportunities should be seized. But a business that constantly encounters major change also encounters many chances for major error
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The Happiest people DO NOT necessarily have the BEST THINGS. They simply APPRECIATE the things they have.
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If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich.
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We have a country where I don't know whether it's a million households a year or more, but good form.
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Stocks are the only thing that people are happy to buy when the price goes up.
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People who watch their weight, golf scores, and fuel bills seem to shun quantitative evaluation of their investment management skills although it involves the most important client in the world-themselves.
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If I eat 2,700 calories a day, a quarter of that is Coca-Cola.
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The latter qualification brings to mind a fellow who applied for a job and stated he had twenty years of experience-which was corrected by a former employer to read one year's experience-twenty times.
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A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well
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For some reason, people take their cues from price action rather than from values. What doesn't work is when you start doing things that you don't understand or because they worked last week for somebody else. The dumbest reason in the world to buy a stock is because it's going up.
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Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.
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When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
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In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.
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I don't really think that, as a society, we [americans] want to confer blessings on generation after generation who contribute nothing to society, simply because somebody in the far distant past happened to amass a great sum of wealth.
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I buy expensive suits - they just look cheap on me.
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The key to success is emotional stability.
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One’s objective should be to get it right, get it quick, get it out and get it over. Your problem won’t improve with age.
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