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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
Thinking
People
Income
Taking
Percent
Country
Mean
Needs
Think

More quotes by Warren Buffett

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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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Wall Street makes its money on activity. You make your money on inactivity.
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In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.
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Just imagine living on 21,000 a year. I mean you have 20 percent of the population doing that. So you don't have to worry about guys like me.
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You are neither right nor wrong because the crowd disagrees with you.
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It's the deleveraging that's going on right now that has caused the credit crisis.
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Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, that you're still around to play the next day.
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It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age.
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In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.
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It is to our advantage to have securities do nothing price-wise for months, or perhaps years, while we are buying them.
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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.
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Our marketable equities tell us by their operating results - not by their daily, or even yearly, price quotations - whether our investments are successful. The market may ignore business success for a while, but eventually will confirm it.
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If the reason for doing something is that everyone else is doing it, it's not a good enough reason.
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It makes a difference who the treasury secretary is.
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The future is never clear you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.
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If you don't make mistakes you can't make decisions.
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Your money can be inflated away but your knowledge and talent cannot.
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Gold has two significant shortcomings, being neither of much use nor procreative.
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The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.
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John Maynard Keynes essentially said, don't try and figure out what the market is doing. Figure out a business you understand, and concentrate.
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