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I just think that - when a country needs more income and we do, we're only taking in 15 percent of GDP, I mean, that - that - when a country needs more income, they should get it from the people that have 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
People
Income
Taking
Percent
Country
Mean
Needs
Think
Thinking

More quotes by Warren Buffett

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Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.
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In my opinion, the entire field of investment management, involving hundreds of billions of dollars, would be more satisfactorily conducted if everyone had a good yardstick for measurement of ability and sensibly applied it.
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When you get to my age, you’ll measure your success in life by how many of the people you want to have love you actually do love you. That’s the ultimate test of how you’ve lived your life.
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The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem-at a price, you will easily find an obliging counterparty.
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All day you wait for the pitch you like then when the fielders are asleep, you step up and hit it.
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I look at everything. That's my job. I really do, every day. I think about everything.
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We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion - 20 trillion, I should say, worth of residential homes.
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I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.
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When people talk about cash being king, it's not king if it just sits there and never does anything.
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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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Taking jobs to build up your resume is the same as saving up sex for old age.
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We are trading away a little bit of our country all the time for this access consumption that we have over what we've produced. That is not good. I think it's terrible over time. But our country's productive grows enough so we actually can do that, and we'll still be better off. We just don't be as well off as if we hadn't done it.
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In business, I look for economic castles protected by unbreachable 'moats'.
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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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When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.
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I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say.
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You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right - that's the only thing that makes you right. And if your facts and reasoning are right, you don't have to worry about anybody else.
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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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Investing is simple, but not easy.
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The plan itself is opportunism. There is no plan before that.
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